CSFB fires 18 investment bankers

CSFB becomes the latest firm to lay off investment banking staff.

CSFB is laying off 18 staff from its non-Japan Asia investment banking division. The 18 who are being axed mainly work in the firm's Hong Kong office although some are going from Singapore and other Asian offices.

Commenting on the move CSFB spokesman's Tom Grimmer said This is part of the continuing adjustment we are making after the acquisition of DLJ last November. Its also a reflection of what is happening in the market.

The affected staff are all relatively junior with analysts, associates and vice presidents being the only ones getting the pink slips. They all work in CSFB's investment banking division with some coverage - or relationship - bankers among those being...

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