CS shares drop but analysts sanguine after Thiam exit

Thiam_PA_575x375_7Feb2020
By Jasper Cox
07 Feb 2020

The departure of Tidjane Thiam as chief executive of Credit Suisse on Friday caused the bank’s share price to fall, but analysts believe the firm’s strategy is likely to remain largely unchanged.

The bank announced on Friday morning that the board of directors had accepted Thiam’s resignation and appointed Thomas Gottstein as new CEO.

It followed reported clashes between Thiam — who started in 2015 — and chairman Urs Rohner, and a spying scandal that led to the chief operating ...

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