Credit Suisse traders keep rockin’ through firings

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Refi Rock’s Spring Fling grew out of Halloween fundraisers started in 2004 by Middleton, who continued the event after finding himself out of a job at HSBC Holdings Plc in 2007, and again in 2008 when Bear Stearns Cos folded.

Middleton said he has sold 1,400 tickets at $40 each to the event at the Intrepid, a World War II aircraft carrier moored in the Hudson River as a museum, and expects to reach the site’s 1,800-person capacity.

“It’s a great way of doing something else other than work Wall Street,” said participant John Ou, the 39-year-old lead guitarist for cover band Yellow Man.

By day he is a director in the fixed-income group at Guggenheim Capital Markets LLC in New York.

“Even though things have been challenging for the industry and economy, I think the community and Wall Street is still making charity a real priority,” Ou pointed out.

During the day’s programme, Middleton said he was trying to match the $50,000 Refi Rock raised last October for the Boomer Esiason Foundation, a group named after the former National Football League quarterback that helps to fund cystic fibrosis research.

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