CSFB chairman resigns

Stephen Volk, chairman of Credit Suisse First Boston and close ally to its former chief executive John Mack, has quit to take on a senior role at Citigroup.

Volk is the most senior CSFB manager to leave the bank since the departure of Mack on July 12. He is joining Citigroup as vice-chairman and client adviser with a remit to help grow the bank's corporate and investment banking division.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached