Friday, January 4, 2019
Thursday, June 23, 2016
Street Scene: Credit Suisse Tries to Overhaul Its Image, but Problems Remain
Street Scene: Credit Suisse Tries to Overhaul Its Image, but Problems Remain
The appointment of an executive involved in soured deals sends the wrong message about the values and behavior that a Wall Street bank should be rewarding.
Saturday, June 4, 2016
Credit Suisse Boss Faces Revolt From Bankers Over Strategy Shift
Credit Suisse Boss Faces Revolt From Bankers Over Strategy Shift
A drop in bonuses and a move away from investment banking have led traders to grumble about Tidjane Thiam’s plans for the future of the Swiss bank.
Thursday, March 24, 2016
Tidjane Thiam, Chief of Credit Suisse, Was Paid $4.7 Million in 2015
Tidjane Thiam, Chief of Credit Suisse, Was Paid .7 Million in 2015
Mr. Thiam, who joined the Swiss bank in July, asked for a 40 percent reduction in his bonus to reflect the lender’s weaker financial performance.
Wednesday, March 23, 2016
Credit Suisse to Accelerate Cost Cuts Amid Turbulent Markets
Credit Suisse to Accelerate Cost Cuts Amid Turbulent Markets
The Swiss bank said that it planned to further shrink the size of its investment bank and to cut 2,000 jobs in its trading arm.
Wednesday, October 21, 2015
Credit Suisse to Raise $6.3 Billion in New Capital and Cut Costs
Credit Suisse to Raise .3 Billion in New Capital and Cut Costs
The bank also reported a stiff drop in profit in the third quarter as uncertain market conditions weighed on its fixed-income and trading operations.