Credit Suisse: will Switzerland's worst kept secret become reality?
With the prospect of a partial IPO of the Credit Suisse domestic unit receding, a pillar of its CEO Tidjane Thiam’s strategy for turning the bank around has been thrown into doubt and raised more uncertainty about the bank's future, writes David Rothnie.
When Thiam was asked about the prospects for European banking last September, he declared that the sector was “not really investable”.Presumably, he will want to make it clear he has revised that opinion if Credit Suisse, which reported its second successive annual loss in 2016, is ...
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