Credit Suisse has named Ulrich Körner as its new chief executive, ousting current boss Thomas Gottstein as the Swiss bank looks to recover from a series of scandals.
The Swiss bank is also set to embark on a fresh round of cost-cutting as it posted a second quarter net loss of CHF1.5bn — far higher than the CHF205m predicted by analysts — and will overhaul its strategy outlined in November last year.
Credit...
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