Credit Suisse raises swap clearing fees

摘要

Credit suisse has joined a growing list of dealers to raise fees for clearing of over-the-counter derivatives, as the bank moved to offset rising regulatory costs associated with the business. The Swiss bank increased fees for some clients, according to sources, reflecting a broader trend of rising charges, which dealers claim are well below the level required to hit return on equity targets. Credit Suisse is the leading clearing broker in US OTC markets, according to CFTC data.