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Credit Suisse CEO Fights on All Fronts as He Faces Lost Year

(Bloomberg) When Ulrich Koerner unveiled a plan to salvage Credit Suisse Group AG in October, the chief executive officer promised to create a new bank. His subsequent failure to reverse a stampede of client funds has raised doubts that “new” means “better.” Credit Suisse lost an unprecedented 111 billion Swiss francs ($120 billion) worth of assets during the three final months of last year, most of which departed in the run up to the big strategy announcement on Oct. 27. Yet the bank ultimately reported almost 30 billion francs more in outflows by the end of 2022, despite a frantic campaign to call tens of thousands of wealthy clients around the world. Read More: Credit Suisse Sinks as Path to Profits Keeps Getting Steeper Plans for the carved-out investment bank under ex-Credit Suisse board-member Michael Klein remain vague, and the outflow tide means the core wealth management business has a smaller base from which to earn profits. While the overhaul started in October is, ....

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Pharmakonzern GlaxoSmithKline mit überraschend starkem Quartal

Pharmakonzern GlaxoSmithKline mit überraschend starkem Quartal
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MORNING BRIEFING - Deutschland/Europa -3-

MORNING BRIEFING - Deutschland/Europa -3-
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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MORNING BRIEFING - Deutschland/Europa -2-

MORNING BRIEFING - Deutschland/Europa -2-
finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.

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