Analysts leave Deutsche Bank to join CSFB

Article Abstract:

Credit Suisse First Boston, a unit of Switzerland's Credit Suisse Group, pirated around 20 securities analysts from Deutsche Bank Securities, a unit of Germany's Deutsche Bank AG. In all, Credit Suisse Group hired away 100 analysts, bankers and salespeople from Deutsche Bank, led by the 42-year-old Frank Quattrone, the head of Deutsche. Macy Egerton, a Deutsche spokeswoman, said the bank was pleased to reach an amicable settlement with Credit Suisse First Boston over the Departure of the Quattrone team.

Comment:

Pirates around 20 securities analysts from Deutsche Bank Securities, a unit of Germany's Deutsche Bank AG

Securities Dealers, Investment Banking and Securities Dealing, Labor force information, Credit Suisse First Boston L.L.C., Article

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Norway's Elopak, CVC launch hostile bid for Swiss packager SIG

Article Abstract:

SIG Holding AG of Switzerland is being pursued with an unsolicited acquisition bid by both Elopak A/S of Norway together with CVC Capital Partners Group Ltd. of the United Kingdom. The share price offer for the Swiss packaging industrial was 325 Swiss Francs ($263.05) per share, valuing the company at 2.11 billion Francs ($1.71 billion).

Acquisitions & mergers, Glass containers, Paperboard Containers and Boxes, Plastics products, not elsewhere classified, Metal Cans and Shipping Containers, Wood Containers, United Kingdom, Mergers, acquisitions and divestments, Company acquisition/merger, Norway, Container industry, Elopak A/S, CVC Capital Partners Group Ltd.

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Central Bank raises rate and signals more to come

Article Abstract:

Switzerland's Central Bank has raised it's interest rate from one percent to one and one quarter percent. Switzerland is following the lead of the European Union that raised its interest rate by one quarter percent earlier this month. Economic growth in Switzerland is forecast to continue.

Economic Programs, Administration of Economic Programs, Interest Rates, Economic aspects, Economic policy

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