February 7, 2003 |
Frank Quattrone, the Credit Suisse First Boston star technology investment banker suspended on Monday pending a probe of alleged destruction of evidence, apparently isn't allowing his legal woes to get in the way of his golf game. Quattrone teed off Thursday morning in the PGA's four-day Pebble Beach National Pro-Am golf tournament, which pairs celebrities from entertainment and busi- ess with top pro golfers vying for $5 million in prize money.
February 4, 2003 |
NEW YORK -- Credit Suisse First Boston suspended investment banker Frank Quattrone on Monday, saying the onetime star of Silicon Valley's dot-com boom may have known that government investigations were underway when he advised employees to get rid of unneeded files.
February 1, 2003 |
The NASD has told Frank Quattrone, Silicon Valley's most prominent investment banker, that he will be the subject of civil charges, sources said Friday. One charge against Quattrone, head of technology banking at Credit Suisse First Boston in Palo Alto, is said to involve "spinning," an activity in which investment bankers allocated shares of prime initial public offerings to key clients, practically guaranteeing them a fortune as the shares soared.
November 21, 2002 |
Mortgage.com Inc. says it's pulling out of a class-action suit against Credit Suisse First Boston Corp. brought on behalf of 200 companies the bank took public and will file a new case. The lawsuit Mortgage.com, now MDCM Holdings Inc., is leaving alleges that the U.S. unit of Zurich-based Credit Suisse Group deliberately under-priced the initial stock offering in an attempt to get kickbacks from investors. With the withdrawal of Mortgage.
October 27, 2002 |
Massachusetts regulators filed a complaint alleging that Credit Suisse First Boston intentionally misled investors by hyping the stocks of companies for which the firm did investment banking work. In an administrative complaint, the Massachusetts secretary of state charged that bankers at CSFB, a unit of Credit Suisse Group, pressured technology stock analysts to issue upbeat reports on CSFB clients and then pointed to that bullishness when trying to win business from other companies.
October 22, 2002 |
Massachusetts regulators filed a complaint Monday alleging that Credit Suisse First Boston intentionally misled investors by hyping the stocks of companies for which the firm did investment banking work. In an administrative complaint, the Massachusetts secretary of state charged that CSFB bankers pressured technology stock analysts to issue upbeat reports on CSFB clients and then pointed to that bullishness when trying to win business from other companies.
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 20, 2002 |
Massachusetts securities regulators recommended Thursday that their counterparts in New York consider filing criminal charges against brokerage Credit Suisse First Boston and some of its stock analysts over allegedly tainted advice given to investors. The recommendation raises the stakes in state and federal regulators' multiple investigations of Wall Street's conduct during the bull market.
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.