Bad News At Credit Suisse - Company Operations - Brief Article

Industry Standard, The, May 14, 2001

Credit Suisse First Boston is expected to slash up to 200 jobs, possibly as early as this week. The news of cutbacks follows word of a probe by the Securities and Exchange Commission and the U.S. Attorney's office into how the bank allocated shares of tech IPOs. Also last week, the regulatory body of the National Association of Securities Dealers said it plans to recommend charging the firm for violating certain NASD rules.