“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.
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Does a career in slapstick comedy beckon for CSFB’s executives? |
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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
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