Just what is going on at CSFB in New York? Is it at last on the rise out of what appeared to be its place as a perpetual second-tier player? Forget about the departure of high-profile mortgage-bond whiz Andy Stone – that has been on the cards since last year when the fallout from the Russian debacle caused the bank, and most of its competitors, to reduce its risk profile.
But steadily over the course of the past 18 months the Swiss-American investment bank has been increasing its equity capital markets and investment banking coverage.
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