Ulrich Koerner says restructuring will take time as the collapse of Silicon Valley Bank throws markets into disarray
Credit Suisse Group CEO Ulrich Koerner has pleaded for patience to orchestrate his radical overhaul, buoyed by client inflows amid the market turmoil this week and quickening job cuts.
Business momentum improved this quarter, including in the markets unit, Koerner said in a Bloomberg Television interview, adding that the bank attracted funds this week after the collapse of Silicon Valley Bank . Koerner is seeking time to pull off his turnaround plan and signalled he is not focused on the stock, which is hovering near a record low...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Consumers are under growing financial stressCash-strapped consumers are turning to credit, but many are defaulting on their repayments
Read more »
Appointing a new Eskom CEO could take months - TechCentralEskom has a “rich” choice of candidates to fill the role of CEO, but the appointment process could take months to conclude, according to its chairman.
Read more »
Blackouts cost MTN R695m in 2022SA could become a failed state unless it deals with the crisis, CEO Ralph Mupita warns
Read more »
South Africa risks becoming a failed stateMTN Group CEO Ralph Mupita has a dire warning for the South African government.
Read more »
There is some hope for load shedding in South Africa: CEOThere are early signs of progress coming out of the new ministry of electricity.
Read more »
Saudi Arabia officially launches new national carrier Riyadh AirEtihad Aviation boss Tony Douglas named at CEO of new airline
Read more »