How are Credit Suisse SAs feeling? Y’all dipping?
How is everyone feeling about the bank and FT opportunities? Are any incoming SA (2023) rethinking whether they want to move forward with the bank? I’m reading about the planned headcount cuts and wondering how the worsening image of the bank and reduced size will impact the ability of CS to win mandates and provide exit opportunities for their analysts.
Someone made a post a few weeks about CS not being a BB and I thought they were an idiot, but in a Bloomberg article shared by Litquidity, it seems clear they’re fine falling from that position. Any thoughts or clarity in this?
Is this a troll?
How legit is this?
It’s quite serious, the firm has been winding down IBD for quite some time now, moving more towards stabler revenue sources (I.e wealth management, lending)
I doubt the entire division will disappear but I’d expect a significant decrease in employees in IBD
Sucks that all these had to be this year. But still grateful for the offer tho. May have to consider ft recruiting depending on how the bank moves forward but i doubt exit ops will change that much if ur in their better groups like fsg and m&a
saw apps posted for FT IBD. with all the bad news and poor sentiment I'm wondering why?
All tech deal activity is expected to boom due to the historically low valuations. Thats what I heard from very respectable people in the sector.
Bump
CS is certainly having issues but a lot of these news articles are massively overflowing the impact on IB. What these articles mean to talk about are divisions such as sales & trading / prime brokerage, not the IB that everyone here is thinking about. IMO if I was evaluating a place to be a banker for a long time I would look to the elite boutiques but for people looking to do 2 years and exit think it remains a great platform with solid exit pops
Totally overblown and misleading. Not referring to the traditional IB as we know it
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