Brought to you by Investec Switzerland. Credit Suisse Group AG Chief Executive Officer Tidjane Thiam dropped a bombshell on investors: Caught off guard by a buildup of illiquid trading positions, the CEO said the bank will probably post a second straight quarterly loss as it unwinds the trades and deepens cuts at that business. Thiam, […]
Big job cuts at the bank Credit Suisse
On 21 October 2015, Credit Suisse announced a new strategy to grow its business and streamline its costs. The CEO Tidjane Thiam, who was brought in from outside the company earlier this year, unveiled the Board’s plan to focus on managing the wealth of well-heeled entrepreneurs in emerging markets such as China, and grow its […]