October 11, 2002 |
Massachusetts securities regulators are demanding that Credit Suisse First Boston pay a fine of at least $100 million and clearly separate its stock research from investment banking to settle the state's civil investigation of the firm's practices, sources said Thursday. Separately, the U.S.
September 5, 2002 |
The House Financial Services Committee, which is investigating brokerage practices during the bull market, on Wednesday sent letters to Credit Suisse First Boston and Goldman Sachs Group asking for information on their dealings with more than two dozen companies. Here are the companies: * CS First Boston: Caliper Technologies Corp., Commerce One Inc., Digital Impact Inc., DigitalThink Inc., EarthShell Container Corp., Enron Corp., Global Crossing Ltd., Handspring Inc., Intraware Inc.
August 16, 2002 |
Securities regulators fined and suspended two senior executives at brokerage Credit Suisse First Boston on Thursday for their roles in a scandal involving initial public stock offerings in the late 1990s. The penalties mark the latest development in regulators' probes into whether Wall Street firms charged improper fees for IPO shares during the tech-stock boom.
May 21, 2002 |
Goldman Sachs Group Inc., Credit Suisse First Boston Inc. and about 40 other investment banks won a bid Monday to delay the surrender of documents to investors suing over stock offerings of Internet and software start-ups the banks took public in the late 1990s. Investors had asked the judge presiding over a barrage of initial-public-offering lawsuits to order the defendants to turn over internal documents. But U.S. District Judge Shira Scheindlin in New York denied the request.
January 19, 2002 |
Credit Suisse First Boston has agreed to pay $100 million to settle an investigation by federal regulators into the firm's handling of initial public stock offerings during the late 1990s stock boom, a source said Friday. The payment to the Securities and Exchange Commission and the National Assn.
December 12, 2001 |
Credit Suisse First Boston and federal regulators are working to finalize a proposed $100-million settlement of a probe into the brokerage firm's handling of initial public stock offerings, sources said Tuesday. CSFB has tentatively agreed to the payment to resolve an 18-month investigation by the Securities and Exchange Commission and the National Assn. of Securities Dealers, a source close to the matter said.
November 30, 2001 |
The U.S. attorney's office in Manhattan has decided not to bring criminal charges against Credit Suisse First Boston over the firm's handling of initial public stock offerings during the late-1990s IPO boom, the investment bank announced Thursday. The U.S. attorney's office had been investigating how CSFB allocated shares of IPOs to investors as part of a far-reaching government probe of the IPO practices of major Wall Street brokerages.
November 29, 2001 |
Brokerage giant Credit Suisse First Boston said Wednesday it will sell its online trading arm to Bank of Montreal, rather than try to make a go of it in the increasingly competitive business. The Canadian bank will pay $520 million for the online unit, CSFBdirect. The business will be merged into Bank of Montreal's online investing arm, Harris InvestorLine.
October 4, 2001 |
Credit Suisse First Boston, a unit of Swiss bank Credit Suisse Group Inc., is cutting 20% of its global investment banking unit, or about 760 jobs, a company source said. CSFB, which hired Wall Street veteran John Mack in July to tighten controls at the firm, has about 3,800 employees worldwide in its investment banking operations, which include its private equity group, the source said. A CSFB spokeswoman declined to comment on the matter, which was first reported by financial TV station CNBC.