CS First Boston Roadmap to be Revealed at NY Summit: Credit Suisse investment banking head Michael Klein is expected to lay out the plans for CS First Boston at a meeting of bankers in New York this week. cffirstboston michaelklein
Senior Credit Suisse bankers will learn in New York this week what plans Michael Klein has in store for the spun-off CS First Boston, what business areas will be included, and plans to secure capital, according to a report from «Reuters» on Friday citing people familiar with the matter.
Several sources which «Reuters» spoke to said investment bankers were unsure where Klein will get the funds to get the business started. One option is a $500 million exchangeable bond to help fund the operations. In October, Credit Suisse CEO Ulrich Koerner said there was a $500 million commitment from a yet unnamed investor.
One source familiar with the terms told the news outlet investors preferred having the option of converting the holdings into stock.Last week, reports emerged that Apollo Global Management was in talks with Credit Suisse to fund its leveraged finance business for $750 million. So far the two sides have not reached an agreement.
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Gelingt Apollo mit CS First Boston der zweite Streich?Gelingt Apollo mit CS First Boston der zweite Streich?: Der Privatmarkt-Riese Apollo prüft einen Einstieg bei der neu gestalteten Investmentbank der Credit Suisse. Es wäre der zweite Streich der New Yorker. apollo csfirstboston
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