Credit Suisse Unveils Ring Fence Plan; QE Update; A Bunch of Bitcoin...
11/21/13
Receiving Wide Coverage ... Ring Fenced: Credit Suisse has begun to wall off its Swiss banking business from riskier investment banking operations in the U.S. and U.K. in order to address regulators' concerns over "too big to fail." The plan includes combining two London subsidiaries and transferring its U.S. derivatives business to its U.S. subsidiary. (The unit currently operates out of London.) UBS similarly announced plans to ring fence its banking operations last month. Wall StreetÂ…
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