Jul
03
Thiam Says Credit Suisse Won’t Be Dismantled or Sold
By-
Investor doubts surface afer Thiam’s year on the job
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Some employees, investors have criticized bank’s leadership
Credit Suisse Group AG’s Chief Executive Officer Tidjane Thiam said the bank he’s been leading for a year will neither be dismantled nor sold.
“The Group will stay intact,” Thiam told Swiss newspaper SonntagsBlick. “A takeover is not a subject.”
Investors in the second-biggest Swiss bank are doubting his ability to turn around its struggling investment bank as share prices hover close to record lows. The CEO announced an overhaul in October that shifts Credit Suisse away from investment banking, to focus more on managing money for rich people…
Thiam Says Credit Suisse Won’t Be Dismantled or Sold
