Credit Suisse Fires Mexico Equity Analysts in Blow to Local Stock Market
- Nine equity analysts let go amid Swiss bank’s reorganization
- Mexican market has been hit by delistings, lack of big IPOs
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Credit Suisse Group AG dismissed its team of Mexico-based equity analysts as the troubled lender’s restructuring deals another blow to the country’s shrinking stock market.
Nine persons, including three lead analysts, were let go on Friday, according to people familiar with the decision, who asked for anonymity because they weren’t authorized to speak publicly. Credit Suisse had 38 employees at its Mexican brokerage and investment bank at the end of last year, and 19 at the end of September, according to regulator data and Mexico’s brokers association AMIB.