War nun ein paar Tage ruhig an der Front....

crosswind, Montag, 04.02.2008, 17:20 (vor 6567 Tagen)

werden da neue Messer gewetzt ? "Natürlich" wieder einmal ein CH-Bank.

"My Comment: Underwriting fees was a big source of profits last year. Now banks are stuck holding the bag on deals nobody wants. Think this is just a blip in profits? Think again.

Credit Suisse, under pressure to get its lending exposures down, sold about $1bn of its share of the debt ahead of the agreed schedule, infuriating the other banks. Credit Suisse informed fellow members of the syndicate of its intention in early January, according to one person familiar with the matter.

“There is no contractual obligation,” this person added. “We cannot concede control over our own capital.” That may be the pattern in future deals. “The Harrah’s precedent frees other underwriters to deal with situations as they see fit,” noted Standard & Poor’s Weekly Wrap.
My Comment: This looks like a case of "New Rules". Credit Suisse did not want to go down with the ship. Who's next?

“The market is in total disarray,” said the head of debt capital markets at one major Wall Street firm. Another senior banker involved in the deal added: “The last 10 days have been the worst ever. There is a complete buyers’ strike.”

http://globaleconomicanalysis.blogspot.com/2008/02/overhang-of-lbo-debt.html

Weiss jemand mehr über den "agreed schedule" ?

gruss cw