As someone who took part in the Beijing-Paris rally in a vintage Porsche, Ulrich Koerner knows all about staying the course. But the new boss of Credit Suisse Group AG seems to have had enough of the Swiss giant’s investment bank.
The gloves have finally fallen in Zurich. After years of former CEOs tinkering around the edges of a failed machine that lost $1 billion in the first six months of 2022, bankers now fear much of the division will be set ablaze. Credit Suisse’s decades of duel with the titans of Wall Street for a place among the investment banking elite is potentially over.
Credit Suisse investment bankers brace for job cuts, possible division closure and latest update
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Credit Suisse investment bankers brace for job cuts, possible division closure and more
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Credit Suisse investment bankers brace for job cuts, possible division closure and other news today
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