More Credit Suisse Senior Bankers Depart in Wake of Archegos Loss
Article lists multiple bankers who have left recently and several others who are currently being actively poached - including the SPAC team. Will CS end up in the DB/UBS bucket or will they be able to recover?
Great news that Hermer and Niron stayed. Big deal makers for ECM and SPACs, respectively. Sends a good signal to rest of firm and other senior bankers.
Biggest loss so far was Weinberger (M&A head) but no especially notable exits since then (e.g. other top bankers have stayed, Malcolm Price - head of advisory and key sponsors banker, and David Wah - key tech banker and now co-head of IB)
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