What Credit Suisse did next
The fixed-income business has been dying a slow death over the past five years; Credit Suisse's secretive trading venture could give it new life
At the start of February, Risk got wind that Jon Kinol – then New York-based co-head of the macro products group at Credit Suisse – was taking on a new role for the bank, heading what an internal memo referred to as an electronic market-making venture.
People who knew something of the bank’s plans said there was more to it than that. The venture was not a group within Credit Suisse, it was a separate entity to which the bank would direct a portion of its fixed-income business, and it would be
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