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3 finalists named for Williamsburg town administrator

3 finalists named for Williamsburg town administrator
Williamsburg Town Hall FILE PHOTO
WILLIAMSBURG Three finalists have been selected for the town administrator’s position.
The finalists were presented to the Select Board at its Thursday meeting by the Town Administrator Search Committee. They are Williamsburg Town Clerk Brenda Lessard, Pittsfield City Councilor Nicholas Caccamo and Carl McKinney, the former town administrator of Clarksburg.
“We felt that these three applicants were the strongest candidates for the position,” said Charles Dudek, who chairs the committee.
The finalists are seeking to replace current Town Administrator Charlene Nardi, who is leaving the job to take a position as Northampton’s finance director in May. Nardi has been town administrator in Williamsburg since 2011. ....

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JPMorgan analyst suggests Credit Suisse close investment bank

Following today s Credit Suisse results for the first quarter, bankers and traders at the Swiss bank might be feeling both buoyed-up and burned down. On one hand, they had a good first quarter operationally with revenues up 70% year-on-year. On the other, the first quarter loss in the investment bank was enough to wipe out profits for the rest of this year, and bonuses are already being cut accordingly.
Speaking today, Credit Suisse s chief executive and chief financial officer, Thomas Gottstein and David Mathers, reaffirmed their commitment to the investment bank, noting that it has been doing very well from an operational perspective and had gained market share across equity capital markets, debt capital markets and M&A. ....

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Credit Suisse to Cut Back Hedge Fund Lending After Archegos Meltdown

Credit Suisse to Cut Back Hedge Fund Lending After Archegos Meltdown
institutionalinvestor.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from institutionalinvestor.com Daily Mail and Mail on Sunday newspapers.

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Credit Suisse Group AG (CS) Q1 2021 Earnings Call Transcript

Operator
Good morning. This is the conference operator. Welcome and thank you for joining Credit Suisse Group s First Quarter 2021 Results Conference call for Analysts and Investors. As a reminder, all participants are in a listen-only mode and the conference is recorded. You will have the opportunity to ask questions after the presentation. [Operator Instructions].
I will now turn the conference over to Kinner Lakhani, Head of Investor Relations and Group Strategy and Development. Please go ahead, Kinner.
Kinner Lakhani
Head of IR and Group Strategy and Development
Thank you. Good morning, everyone. Before we begin, let me remind you of the important cautionary statements on slides 2 and 3 including forward-looking statements, non-GAAP financial measures and Basel III disclosures. For a detailed discussion, we refer you to the Credit Suisse first quarter 2021 earnings release published this morning. ....

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Credit Suisse to Cut Hedge Fund Lending by Third After Archegos

Credit Suisse to Cut Hedge Fund Lending by Third After Archegos
This content was published on April 22, 2021 - 09:08
April 22, 2021 - 09:08
(Bloomberg) Credit Suisse Group AG is planning to slash lending to hedge funds by a third after the Archegos Capital blowup cost the bank $5.5 billion and forced it to tap investors for additional capital.
The Swiss lender on Thursday said it’s conducting a review with a goal of “resizing and derisking prime brokerage and prime financing businesses,” confirming a Bloomberg News report two weeks ago. It plans to focus the business on clients that have relationships with other parts of the firm and will reduce lending to hedge funds by some $35 billion, Chief Financial Officer David Mathers said in an interview. ....

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