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Article: WITHIN hours of Wall Street veteran John Mack announcing his big promotion last week to co-chief executive of the Credit Suisse Group, another bombshell landed in his hands at his current job at the groups troubled US investment banking arm, Credit Suisse First Boston (CSFB).
- Article from:
- Sunday Business (London, England)
- Article date:
- September 22, 2002
CopyrightCOPYRIGHT 2002 Sunday Business Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WITHIN hours of Wall Street veteran John Mack announcing his big promotion last week to co-chief executive of the Credit Suisse Group, another bombshell landed in his hands at his current job at the groups troubled US investment banking arm, Credit Suisse First Boston (CSFB).
Already reeling from some of the worst investment banking conditions in a generation, Mack was told that Massachussetts regulators were considering criminal charges over analysts conflicts, effectively opening the door to a posse of state, federal and civil actions.
When Mack arrived at CSFB last year he warned there was going to be a lot of pain as he attempted to reform a bloated, ...