John Tuttle has his pitch down. The 35-year-old head of global listings at the New York Stock Exchange — one of Wall Street s most iconic institutions —
At the grandiose Fontainebleau Miami Beach hotel, Credit Suisse hosted its top clients in October amid growing doubts it was still in the securities trading game after a series of high-profile
Scarred by a $5.5 billion hit from the unravelling of U.S. investment firm Archegos in 2021, a retreat from the hedge fund business and unprecedented client outflows, Credit Suisse said it needed billions in capital and planned to spin off the bulk of its investment bank, sending its shares into a tailspin. At the Fontainebleau hotel, Credit Suisse bankers were puzzled by the announcements, and concerned about their jobs being on the line, said the executive, who declined to be named.