Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEO

Credit Suisse is at ‘critical moment’ as bank prepares for latest overhaul, CEO says

Credit Suisse Group AG’s Chief Executive Officer Ulrich Koerner has asked staff to remain disciplined and close to clients despite all the media attention the bank is receiving.

Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEO

In the second carefully-worded memo sent to reassure staff in as many weeks, Koerner told employees not to confuse the “day-to-day” stock price performance with the Swiss firms “strong capital base and liquidity position.” The shares are hovering near a record low. Koerner asked staff to remain disciplined and close to clients despite all the media attention the bank is receiving.

‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels

It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world&#x

Banking Troubles as Credit Suisse and Deutsche Bank Suffer Distressed Valuations - The Daily Encrypt

More than a decade has passed since Lehman Brothers, America's fourth-largest investment bank, went bust in 2008 and declared bankruptcy.

'Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels – Economics Bitcoin News

It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed bankruptcy. Close to 14 years later, Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations and the banks’ credit default insurance levels […]

‘Trading Like a Lehman Moment’ — Credit Suisse, Deutsche Bank Suffer From Distressed Valuations as the Banks’ Credit Default Insurance Nears 2008 Levels – Economics Bitcoin News

It’s been more than a decade since the financial crisis in 2007-2008 when Lehman Brothers, the fourth largest investment bank in the U.S., collapsed and filed