Engebretsen, previously US head of IG credit, rejoins Credit Suisse after nearly 10 years away.See more stories on Insider's business pageAfter losing a team of investment-grade credit traders to HSBC, Credit Suisse has poached one in return, hiring HSBC's US head of IG credit trading.
Truls Engebretsen resigned from HSBC in recent weeks, according to sources familiar with the matter, and will join Credit Suisse as a senior credit trader. It will be Engebretsen's second tour of duty at the Swiss bank, where he worked from 2002 to 2011 before joining HSBC, according to FINRA records. Credit Suisse has seen an exodus of senior personnel in its investment bank following a series of blow-ups, including the implosion of Greensill and the Archegos trading debacle., including Chris Bathon, a star trader who was regularly the top producer on his desk, industry sources told Insider.
Engebretsen represents one of the last of HSBC's old guard credit traders. The firm has seen a raft of departures this year amid bonus cuts and a global restructuring, with at least 12 exits coming in credit trading. with eight hires, including the Credit Suisse team and several emerging market credit traders. Subscribe to push notifications
nice
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon reviewing bids to replace JPMorgan as credit card partner - sourceE-commerce giant Amazon.com Inc (AMZN.O) is fielding bids to replace U.S. lender JPMorgan Chase & Co (JPM.N) as the issuer on its co-branded credit card portfolio, a person familiar with the matter told Reuters.
Source: Reuters - 🏆 2. / 97 Read more »
Get Your Credit Card Out, Because Old Navy's Flattering Swimsuits Are Half Off TodayWhether you're hoping to pretty much live by the pool this summer or finally booking a trip to the beach, you'll obviously need a swimsuit — or several
Source: POPSUGARFashion - 🏆 28. / 68 Read more »
These Oprah-Approved Leggings Come With a $10 Amazon Prime Day CreditAmazon is giving shoppers $10 to spend on Prime Day when they support small businesses. Not interested in giving Bezos any more money. Especially with the amount of taxes he (doesn’t) pay!!
Source: etnow - 🏆 696. / 51 Read more »
Non-tax filer families will soon be able to sign up for the enhanced monthly child tax creditThe IRS is launching two portals, expected in June, that will allow families to sign up for monthly child tax credit payments or update their information. acorns good luck acorns Sure why not. Socialism and welfare for all!!! Biden’s America acorns Wait, if they are not filing taxes, why are they getting a tax credit? It’s a literally a credit for paying in taxes but yet still not making enough. I guess i don’t understand why you need a tax credit if your not filing to begin with.
Source: CNBC - 🏆 12. / 72 Read more »
These are the perks you want in a credit card if you’re going to travel in styleLook for a travel credit card that can unlock the kind of benefits that hark back to the Golden Age of travel.
Source: MarketWatch - 🏆 3. / 97 Read more »
The Nasdaq just booked its highest finish since April 30 as 30-year Treasury yield hits lowest since FebruaryU.S. stocks ended near records Tuesday, with the Nasdaq Composite trading near its highest level since late April and the Dow Jones Industrial Average and the S&P 500 Index come within a stone's throw from all-time record closes not seen since May 7. So, Kennie from Citadel has more tendies for us! GMESqueeze amcshortsqueeze . Big question: who is gonna pay afterwards?
Source: MarketWatch - 🏆 3. / 97 Read more »