Published 2 years ago

Credit Suisse names Koerner as CEO, sets strategic review

Summary by Ground News

Credit Suisse named asset management expert Ulrich Koerner as its new chief executive. Pressure had been mounting on current chief executive Thomas Gottstein for months. Some investors had called for Gottstein to be replaced, but the bank had resisted. The bank announced a strategic review as it struggles to recover from a series of scandals.

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Reuters

Credit Suisse names Koerner as CEO, sets strategic review

ZURICH - Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as it struggles to recover from a series of scandals. Pressure had been mounting on current chief executive Thomas Gottstein for months over the scandals and losses racked up during his two-year tenure

2 years ago·United Kingdom

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CNBC

Credit Suisse names Ulrich Koerner as CEO, launches strategic review as losses deepen

The embattled Swiss bank posted a net loss of 1.593 billion Swiss francs ($1.66 billion), far below consensus expectations among analysts for a 398.16 million Swiss franc loss.

2 years ago·United States

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Bloomberg

Credit Suisse Tries A New CEO After $1.7 Billion Loss

Veteran banker Ulrich Koerner to replace Thomas Gottstein as chief executive officer.

2 years ago·United States

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OAN

Credit Suisse to name Ulrich Korner as its next CEO – FT

(Reuters) – Credit Suisse is set to announce Ulrich Korner as its new chief executive officer, replacing Thomas Gottstein, the Financial Times reported on Tuesday....

2 years ago·San Diego, United States

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Handelsblatt

Major Swiss bank: Credit Suisse is slipping ever deeper into crisis — Ulrich Körner takes over as CEO

High losses in the most important sectors, plus new fines: The second-largest Swiss bank is facing more difficulties. A clear cut in investment banking should now help.

2 years ago·Düsseldorf, Germany

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