In Australia, Credit Suisse’s head of equity trading has reportedly resigned. The departure is a further sign of the big bank’s impending restructuring of its investment bank.
Credit Suisse’s Head of Australian Equity Distribution, David Buttonshaw, leaving Credit Suisse (CS). This is to join a boutique financial advisory firm. This is reported by the news agency «Reuters» Quoting someone familiar with the matter.
Buttonshaw resigned on Monday to join Aitken Mount Capital Partners. The company, like CS, declined to comment to the agency. Battenshaw has been with the major Swiss bank since October 2019, having previously worked at Deutsche Bank and stockbroker Bell Potter.
Scout in investment banking
CS is currently being watched closely ahead of Thursday’s third-quarter results release, which will include the new CEO’s earnings. Ulrich Koerner He ordered a strategic review.
Investment banking, particularly large banking, is scrutinized as the source of large-scale problems. According to a US newspaper report «Wall Street Journal» (Article subject to fee) On Tuesday, the sale of the securitization business is nearing completion. The unit makes lucrative deals in securitized credit products, mostly based on mortgages.
When will inflation fall again in Switzerland?
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It will fall by the end of the year.
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Early Spring 2023.
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Inflation is around 3 to 4 percent.
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Inflation will continue to rise in 2023.
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Inflation will rise to 10 percent before falling again.
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