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Credit Suisse crisis: Panicked bankers, break-up calls and central bank injection
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Credit Suisse chief executive, Ulrich Körner, called on its employees to “focus on facts” after the troubled Swiss lender revealed it had tapped the Swiss National Bank for up to CHF50bn following a 30% slump in shares and signs of distress in its bonds.As pep talks go, Körner’s pitch to staff in his latest memo on 16 March is straightforward — the bank is well-capitalised and its strategy overhaul announced in October should be the key focus — but it can hardly be described as a rallying cry for already demoralised employees.
Read more on fnlondon.comAbout this in other media
UBS to take the axe to Credit Suisse’s investment bank after historic merger fnlondon.com /1 day ago
UBS Group doubles offer and acquires Credit Suisse for $2B cointelegraph.com /1 day ago
Credit Suisse rescue plan may include nationalization, bondholder losses cointelegraph.com /1 day ago
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