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Credit Suisse has something of the swagger about it. As one of the banks that has yet to feel a significant impact from the credit crunch, it’s been announcing expansions as its rivals pull the belt ever tighter. It has now agreed a $384m deal to take control of US firm Asset Management Finance Corporation. This is the latest in a series of acquisitions by the bank’s alternative investments business, which includes Abu-Dhabi Future Energy Company, Gulf Capital Partners and China Renaissance Capital, according to its chairman Ben Finn. (The Times)

Lehman pits private equity firms against one another for asset management sale. (Reuters)

RBS shakes up board with appointment of heavy-weight bankers. (Telegraph)

How the credit crunch is hammering London. (Financial Times)

Allianz close to finding buyer for Dresdner Bank. (Bloomberg)

"The City was moving away from its traditional image of white, heterosexual and male - which puts off many gay and lesbian applicants. And, as a result, the proportion of gay and lesbian workers began to increase ... but it looks as though progress has stalled." (Financial Times)

Up to 300 US banks could sink. (Telegraph)

Hedge fund managers not prepared to pass the baton. (FINalternatives)

Banks’ new credit crunch. (Wall Street Journal)

Signs of life for emerging market debt. (Financial News)

More on SocGen’s recruitment spree. (Guardian)

Crisis? What crisis? (Bloomberg)