|Bid||10.22 x 38500|
|Ask||10.33 x 36100|
|Day's range||10.13 - 10.34|
|52-week range||9.28 - 14.95|
|Beta (5Y monthly)||1.64|
|PE ratio (TTM)||20.46|
|Forward dividend & yield||0.11 (1.02%)|
|Ex-dividend date||04 May 2021|
|1y target est||10.05|
NEW YORK (Reuters) -Credit Suisse Group has named a trio of dealmakers to run its global mergers and acquisitions practice, in a leadership reshuffle after the previous chief's departure from Switzerland's second largest bank. The changes follow a wave of investment bankers leaving the bank after bonuses were cut to tackle losses of more than $5 billion from the collapse of U.S. investment firm Archegos and British supply chain financier Greensill Capital. David Wah has been elevated to global head of advisory, effective immediately, according to a memo seen by Reuters.
Morgan Stanley has hired Greg Weinberger from Credit Suisse Group, a source familiar with the matter said on Wednesday, the most high-profile investment banking departure amid a glut of exits from the Swiss bank in recent weeks. Having been forced to book billions of dollars of losses earlier this year due to exposures to collapsed investment firm Archegos Capital Management and defunct British supply chain finance firm Greensill Capital, Credit Suisse has seen a subsequent wave of investment bankers leave, amid concerns about pay packets and future job prospects. Weinberger, who was global head of mergers and acquisitions for Credit Suisse, becomes the latest departure.
Credit Suisse’s top dealmaker in the US has quit, the latest senior employee to defect from the Swiss bank, which is battling to retain top talent following a series of scandals that have shattered employee morale. Greg Weinberger, who has run the mergers and acquisitions business at Credit Suisse since 2019, will join Morgan Stanley later this year, people with direct knowledge of the matter said. Credit Suisse and Morgan Stanley declined to comment on the move, which was first reported by the Wall Street Journal.