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Activist who called for Credit Suisse break-up says latest overhaul isn’t enough
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An activist investor who called for Credit Suisse's break-up five years ago said that the Swiss bank’s new overhaul "barely scratches the surface", and more needs to be done to turn it around.
Rudolf Bohli’s activist hedge fund RBR Capital Advisors took a CHF100m ($106m) stake in Credit Suisse in 2017, pushing for the lender to be broken up into three parts including a revival of its First Boston brand for the investment bank, spinning out its asset management unit, and refocusing on wealth management.
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