Credit Suisse Tempts Asia’s Wealthy with Higher Deposit Rates
Credit Suisse is offering significantly higher deposit rates to attract new funds from wealthy clients in Asia, aiming to counter recent outflows and retain its bankers. The Swiss bank is providing a 6.5% annual rate on new three-month deposits of $5 million or more, according to three sources familiar with the matter who chose to […]
Former JPMorgan Bankers Launch Emerging Market Infrastructure Investment Firm
Two ex-JP Morgan credit bankers have launched ImpactA Global, a new investment advisory firm targeting infrastructure in emerging markets. The firm is backed by a minority stake from Legal & General’s alternative investments arm, though the size of the stake remains undisclosed. ImpactA Global aims to address the World Bank’s estimated $1 trillion annual investment […]
