Credit Suisse Takeover To Threaten Forex Jobs At DLJ
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ZURICH--The small band of remaining FX staff at Donaldson, Lufkin & Jenrette (DLJ) could lose their jobs in the wake of the US investment bank’s acquisition by Swiss bank Credit Suisse Group, say bankers and currency market recruiters.
The agreed $11.5 billion take over is due to be completed by the end of October.
Banking analysts expect Credit Suisse to integrate much of DLJ’s equities, research and mergers and acquisitions teams. It has set aside a $1.2 billion staff retention fund to keep
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