Mass Exodus of Senior Credit Suisse Bankers—What is the future outlook for the firm?

https://www.wsj.com/articles/credit-suisse-faces-…

This is crazy, they’re losing some of their top guys-10 MDs in total, including their main Media&Telecom guy. Does this indicate the firm is headed towards a UBS/DB trajectory? The next 6 months will be crucial for US IB outlook for the firm

 

They were borderline in the Bofa/Citi/Barclays grouping but I’d say this solidifies them as a step or two below. Those two were the rainmakers for the group

 

Also curious to hear about people’s thoughts on how this may affect the brand/strength of their product groups

 

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