Credit Suisse First Boston (CSFB)’s recently announced that it will close its Cairo branch in August 2002. CSFB made the decision based on the Egypt’s current loss of key foreign currency earners like tourism, intensified by the impact of the September 11 attacks on the United States, reported Middle East Times.
CSFB is an investment bank serving institutional, corporate, government and individual clients. The Firm is a business unit of the Zurich based Credit Suisse Group, a financial services company.
CSFB’s businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital, correspondent brokerage services and asset management. It operates in over 89 locations across more than 37 countries on six continents. — (menareport.com)
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