In a sign of the runaway jitters that are pounding bank stocks, Credit Suisse Group and UBS AG denied they borrowed the funds, saying their liquidity remains strong.
"People are waking up to the possibility that perhaps Indonesia is not quite such the miraculous story as we had imagined, " said Robert Prior-Wandesforde, Singapore-based director for Asian economic research at Credit Suisse Group.
"Credit Suisse Group's core businesses look strong over the long term, and we intend to continue focussing on cost-control efforts and on achieving growth in our key markets, " said Credit Suisse Chief Executive Lukas Muehlemann.
Credit Suisse First Boston, the investment banking unit of Credit Suisse Group (nyse: CSR - news - people ), was probed for similar practices by the U.S. Securities and Exchange Commission and the NASD.
Last year, Citadel, Merrill Lynch, UBS, Credit Suisse Group, Citigroup and Morgan Stanley collectively bought up more than 80% of the Philadelphia Stock Exchange and are plowing resources into its electronic trading systems with a goal to route more stock order flow through it.
European banks including UBS AG, Barclays Plc, HSBC Holdings Plc, Royal Bank of Scotland Group Plc and Credit Suisse Group AG have announced more than 70, 000 job cuts since midyear, compared with 42, 000 by U.S. peers, according to data compiled by Bloomberg.
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Last year, Citadel, Merrill Lynch (nyse: MER - news - people ), UBS (nyse: UBS - news - people ), Credit Suisse Group (nyse: CSR - news - people ), Citigroup (nyse: C - news - people ) and Morgan Stanley (nyse: MS - news - people ) collectively bought up more than 80% of the Philadelphia Stock Exchange and are plowing resources into its electronic trading systems with a goal to route more stock order flow through it.
"The environmental issue is very much a strong driver of what's going on, and it's not just related to energy pricing, " says John Cavalier, the chairman of the global energy group at Credit Suisse.
"The environmental issue is very much a strong driver of what's going on, and it's not just related to energy pricing, " says John Cavalier, the chairman of the global energy group at Credit Suisse (nyse: CSR - news - people ).
To William Brady, the head of global finance for Credit Suisse First Boston's technology group, there are about 20 firms that matter.
Credit Suisse upgraded several stocks in this group on Friday.
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"In a high-net-worth portfolio, the floating rate element is typically cash, " says Andrew Marshak, a managing director in Credit Suisse Asset Management's Credit Investment Group.
Goldman Sachs, JPMorgan Chase, Jefferies, Interactive Brokers Group, Cantor Fitzgerald and Credit Suisse are some, KBW says.
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But also because Grohe is owned by two private equity firms, TPG (Texas Pacific Group) and CSFB (Credit Suisse First Boston).
The diverse group of panelists represented: Credit Suisse, Capital One, Cigna, Fitch Ratings and Legg Mason.
The company said the results were a big turnaround from the heavy losses reported in the final quarter of 2001, which were mainly due to a 1.59bn francs loss by the group's investment arm, Credit Suisse First Boston (CSFB).
Another sign that the turmoil is taking its toll: Vikram Gandhi , who was a senior banker in Morgan's respected financial institutions practice, is joining Credit Suisse First Boston next month, where the financial institutions group has been in disarray.
Today, the group's spokesman complains, investors seem to treat Credit Suisse as an insurance stock, not a bank.
Although the group's shares are listed in New York, Credit Suisse reports neither under American nor under international accounting standards, preferring the less burdensome Swiss variety.
Dick Barrett, a consultant at Credit Suisse First Boston--and former investment banker there--is running the numbers for the group, Mack said, calculating the real value of the deal.
Abrams, who started out with Goldman Sachs researching derivative trading strategies and later worked at Credit Suisse and then Merrill Lynch as co-head of US equity derivative trading, founded Titan Capital Group in 2001.
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The second group included Goldman Sachs, Societe Generale, Barclays, Credit Agricole, BNP Paribas, Credit Suisse, Deutsche Bank and UBS. Moody's said these firms had varying risk factors, from high dependence on capital markets operations to limited liquidity and exposure to Europe.
Credit Suisse First Boston snared investment banker Vikram Gandhi , saying Thursday he would be head of its global financial institutions group.
Leading that group was U.S. Steel, up 7.4% after catching an upgrade from Credit Suisse.
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