Gimme Credit analyst Dave Novosel weighs in this morning with some thoughts on a few issues for AT&T (T): Pension accounting, the loss of iPhone exclusivity, and 4G wireless. He sees all has either positive or at least manageable, and he reiterates an Outperform rating on T’s bonds due 2019.
On [...]

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While Global Head of Interest Rate, Credit and Currency Trading, Jack DiMaio, has chosen to “leave the Firm and return to the buy side.” [Dealbook]

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Okay, that’s not entirely fair- employees will receive some of the cash they earned in 2010 this year, some in 2012, a little in 2013, and the remainder of the payout in 2014 (all of which is subject to a clawback clause). Sound like fun? It’s the Swiss bank’s take on tantra.

Credit Suisse said Monday it will alter how it pays banker bonuses for 2010, taking into account shareholder criticism and increasing government involvement in year-end rewards.The Zurich-based bank’s cash bonuses will be paid out over four years—one-quarter annually—and be linked to Credit Suisse’s return-on-equity from next year to 2014. The return on equity over the four years represents the maximum potential for the cash awards to rise, Credit Suisse said. Cash bonuses can be clawed back should employee actions later prove to harm the bank, its reputation or earnings, Credit Suisse said.

In bonuses paid out as bank stock, Credit Suisse is removing leverage from 2010’s plan, which investors had criticized in past years because bankers could win additional shares depending on the bank’s share price, without ceding any shares if the stock slumped.Credit Suisse is also lowering to 50,000 Swiss francs ($51,500) the threshold for bonuses to be deferred as opposed to paid out in cash, from 125,000 francs previously.

Credit Suisse Tweaks Bonus Plan [WSJ]

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Shares of Chinese solar technology provider Yingli Green Energy Holding (YGE) closed down 5 cents, or half a percent, at $10.09 today after Credit Suisse analyst Satya Kumar intiated coverage of the stock with a Neutral rating and a $12 price target.
25 gigawatts of potential industry solar supply in 2011 [...]

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Shares of Sprint Nextel (S) are up 15 cents, or 4%, at $4.37 after Credit Suisse analyst Jonathan Chaplin raised his target on the stock to $8 from $6, while reiterating an Outperform rating, writing that the benefit of last week’s announced network reorg may be greater than initially expected.
Chaplin [...]

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Motorola (MOT), which is splitting into two companies come January, offered the first glimpse last night of what that might look like. Sanjay Jha, head of Moto’s Mobility unit, which makes handsets (”Droids”) and home networking/multimedia products, last night addressed the audience at Credit Suisse’s tech conference in Phoenix, Arizona.
Moto [...]

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The solar stocks are coming under selling pressure this morning after Credit Suisse analyst Satya Kumar turned cautious on the sector, cutting his ratings on multiple stocks, on concerns about an expected dramatic increase in supply, which he thinks will lead to renewed pressure on pricing.
Kumar writes in a research [...]

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Last November, Matthew Tannin and Ralph Cioffi’s days were made when, in a in a flash of prosecutorial incompetence, the dream team who ran the two ridiculously named Bear Stearns funds– High Grade Structured Credit Strategies Fund and High Grade Structured Credit Strategies Enhanced Leverage Fund– were acquitted on charges of conspiracy, securities and wire fraud, and dodged 20 years each in the big house. There was no problem whatsoever with the fact that they’d painted a rosy picture to their investors as the bottom fell out of the credit market and they moved their own money out of the time bomb which ultimately cost clients $1.6 billion and, in fact, the jury was so impressed with how the team conducted their business that many indicated 12 ready and willing investors await. Before he was proven innocent, however, Cioffi had to do a little unloading of assets, the most valuable ones being a house in Southampton, one in New Jersey (he and his wife are now in a rental) and his prized Ferraris. Now he tools around in his wife’s Honda and if you thought that’d be a source of depression, you thought wrong. Cioffi says it’s a great little car.

His choice of automobile has changed, too. “All young men growing up want to see the day when they can afford a sports car of some sort. I was lucky enough to achieve that,” he said. “Now it’s just a phase of my life that’s over.” He says he enjoys driving his wife’s Honda Pilot. “I would recommend it to everyone, downsizing and simplification. One thing you learn is that one can get by with a lot less than one thinks we need.”

Ralph Cioffi, After The Fall [NYO]

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Short version: va fangool. Longer version:

Earlier: From Whom And How Does Charlie Gasparino Get His Scoops?

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Standard & Poor’s today put AT&T (T) on CreditWatch with negative implications, asserting that “the company may not be able to achieve financial metrics fully supportive of the current rating within a reasonable timeframe,” but that a downgrade, if any, would be limited to one notch.
The company currently has an [...]

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