Analysis: Bosses will have to prove their aversion to dubious wealthy clients if they are to regain trust of markets and regulators
Revealed: Credit Suisse leak unmasks criminals, fraudsters and corrupt politiciansWhat is the Suisse secrets leak and why are we publishing it?
Credit Suisse had a message for investors during its recent earnings call. The bank was planning to change course after a tumultuous 12 months in which it was embroiled in the collapse of the US hedge fund Archegos and the supply-chain finance company Greensill Capital.
“This will not be a quick fix, and we expect 2022 will be a transition year,” the chief executive, Thomas Gottstein, said on a conference call on 10 February. “But we have made clear progress in creating the conditions for a much more stable and predictable bank.”
