CSFB six MDs lighter, Goldman also cuts

A round of senior level cuts has begun.

One has to say the timing is not ideal. Imagine you organize a conference around the biggest sporting event in Hong Kong - of which you are the exclusive sponsor - and New York tells you to fire a bunch of your most senior people in the same week.

Dubbed the 'week of the long knives' by some rival bankers, news of CSFB's managing director cull was rampant in the boxes at the Sevens.

Initial rumours put the cuts at 12 managing directors, with word quickly getting out that head of investment banking, Neil Harvey was to go - taking a leave of absence. Harvey had been in the region for less than a...

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