The Week: Media Reviews - Initiative loses Credit Suisse

Interpublic Group's Initiative has lost the £60 million global media business for the investment and finance company Credit Suisse as part of the ongoing review of the business. Universal McCann has also been knocked out of the pitch, leaving Aegis Group's Carat, Media Planning Group and Mediaedge:cia to vie for the business. Starcom ruled itself out of the pitch, citing a potential client conflict with its financial services client UPS.