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The Latest Breaking News from Ulrich Körner

Head of Credit Suisse's Saudi investor who sparked a stock panic quits for ‘personal reasons’

The Saudi National Bank torpedoed its own $1.6 billion investment after its ill chosen words obliterated any remaining confidence in the Swiss lender.

Head of Credit Suisse talks of his profound sadness over UBS takeover

Head of Credit Suisse talks of his profound sadness over UBS takeover

Ulrich Körner acknowledges an ‘emotional and challenging week’ after emergency deal was forced through by Swiss authorities

The Guardian - UK

Why a TV interview led to a day of chaos for Credit Suisse

Why a TV interview led to a day of chaos for Credit Suisse

Credit Suisse has struggled with scandals, a string of CEOs, and customer outflows.

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Credit Suisse Takes Another Big Hit

Swiss regulator FINMA says the bank "seriously breached" the law in the 2021 Greensill scandal.

Credit Suisse axes top bosses’ bonuses after biggest loss since financial crisis

Swiss bank is cutting 9,000 jobs in restructuring programme after series of scandals

The Guardian - UK

Struggling Credit Suisse Unveils Emergency Plan

The No. 2 Swiss bank will cut up to 9,000 jobs by 2025 and raise $4 billion in capital, including from Saudi Arabia.

Credit Suisse to cut 9,000 jobs and seek billions in new investment

Shake-up aims to draw line under series of scandals and new £3.5bn loss at Swiss bank

The Guardian - UK

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Struggling Credit Suisse Gets Another Chance

Struggling Credit Suisse Gets Another Chance

The Swiss bank on Oct. 27 is expected to present its plan to restructure and put its scandals behind it.

Credit Suisse CEO Tries to Shield Employees from the Storm

Credit Suisse CEO Tries to Shield Employees from the Storm

The Swiss bank is under pressure after numerous scandals have cost it several billion dollars.

Why Credit Suisse is battling rumours of a Lehman-style crash

Why Credit Suisse is battling rumours of a Lehman-style crash

Swiss bank’s plummeting share price has invited comparisons to the onset of the 2008 global financial crisis.

Credit Suisse Can't Keep CEOs

Credit Suisse Can't Keep CEOs

Credit Suisse CEO Ulrich Koerner began his tenure in 2022 and is set to reveal the company's turnaround plan later in October.

As Credit Suisse Tries to Survive, Anxious Employees Put Heads Down

As Credit Suisse Tries to Survive, Anxious Employees Put Heads Down

The Swiss bank is due to unveil its turnaround plan on Oct. 27, a deadline employees say is too far off given the circumstances.

Is Credit Suisse the 2022 Lehman Brothers?

Is Credit Suisse the 2022 Lehman Brothers?

The Swiss bank's difficulties raise fears of a shockwave comparable to the one that gripped the markets in September 2008.

Cost of insuring against Credit Suisse defaulting reaches record high

Cost of insuring against Credit Suisse defaulting reaches record high

Investors rush to buy credit default swaps as worries grow over solidity of bank’s balance sheet

The Guardian - UK

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As Credit Suisse's Credit Default Swaps Spike To Near 2008 Levels, Rumors Of Lehman-Like Collapse Floated, Bank Steps In To Allay Concerns

Talks of trouble brewing at Swiss investment bank Credit Suisse (NYSE: CS) gained ground over the weekend, with Twitterati beginning to raise the specter of a Lehman-like collapse.

Credit Suisse Is in Deep Trouble

The Swiss banking giant is embroiled in a succession of financial scandals that now threaten its future.

The Guardian - UK

Credit Suisse chief executive resigns after turbulent two years

Thomas Gottstein steps down in latest high-level departure and will be replaced by Ulrich Körner

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Holger Schmieding

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