"CSFB is just like Laurel and Hardy," says one banker. "It's gotten
itself into another fine mess." Following hard on the heels of its
problems in Japan, Sweden, the UK, India and the US, it's now in
trouble with the Chinese. This time it's nothing to do with the
regulators, but a diplomatic faux pas, and an expensive one at
that.
One telephone call was all it took for CSFB to find out
that it had been dumped from two upcoming IPOs of state-owned
companies - China Unicom's $1.8 billion share issue and China
Aluminium's $1 billion...
