The management at Credit Suisse faces a "make or break" year in 2013, according to JP Morgan's top European banks analysts, having committed to a Sfr2bn ($2.1bn) cost-cutting plan.

Kian Abouhossein and Amit Ranjan at JP Morgan spoke recently with David Mathers, chief financial office at Credit Suisse, and published a follow-up note on the meeting this week.

Analysts suggest FICC restructuring at Credit Suisse

JP Morgan analysts say the Swiss bank is on course to meet its 2015 cost-cutting targets, but more could be done

Farah Khalique

Credit Suisse

JP Morgan

BlackRock’s Larry Fink hails democracy for private assets. But what will it mean for fees?

If Nikhil Rathi wants to stay CEO, he needs to sort out the FCA’s ballooning headcount

Accounting firm spurns private equity as rare IPO tests UK market appetite

Barclays hires Centerview dealmaker Woeber to lead global M&A

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The UK lender has tapped a veteran dealmaker to head up a key area of growth

Nomura taps Hiraoka and Tyce to lead global rates trading

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Japanese bank doubles up leadership of key markets division

Pimco Emea boss Craig Dawson returns to California for new role

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Christian Stracke, global head of credit research, will run Emea from bond giant’s London office

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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