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

Summary by Ground News
Credit Suisse is in the throes of what is expected to be a major restructuring of the investment bank. CEO Ulrich Koerner seeks to return the lender to profitability and put an end to a string of scandals. He told employees not to confuse the stock price performance with the Swiss firm's capital base and liquidity position.
Published 2 months ago

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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.

2 months ago·Mumbai, India
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Credit Suisse Is at ‘Critical Moment’ as Bank Prepares for Latest Overhaul, CEO Says

Credit Suisse Group AG’s Chief Executive Officer Ulrich Koerner said the bank is at a “critical moment” as it prepares for its latest overhaul, while

2 months ago
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'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

Market data shows Credit Suisse and Deutsche Bank, two of the world’s largest banks, are suffering from distressed valuations.

2 months ago
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Credit Suisse CEO: 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.

2 months ago
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'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 - DailyCrypto

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 […]

2 months ago
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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.

2 months ago
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