Koerner is anticipated to be named the newest CEO of Credit Suisse
Ulrich Koerner is anticipated to be named as the new CEO of Credit Suisse Group AG (CSGN.S), the latest management change at the Swiss bank as it fights to recover from a string of crises, according to two persons with knowledge of the matter on Tuesday. Outgoing CEO Thomas Gottstein has been under increasing pressure…
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Credit Suisse makes headliner again with a verdict on trail
Credit Suisse (CSGN.S) managed to make headlines again, as they have for the past 18 months over various scandals and distresses. Now, it is to determine whether or not the bank couldn’t stop cash laundering which is linked to a cocaine trafficking group. This would significantly mark this event as the nation’s major banks’ first…
Swiss markets watchdog names Zurich insurance executive as new chief
Switzerland’s markets watchdog FINMA named Zurich Insurance chief investment officer Urban Angehrn as its new boss. Angehrn will take charge at the Swiss market authority as it scrutinises risk controls at Credit Suisse following financial debacles at the country’s second-biggest bank that led to billions of francs in losses. FINMA is also stepping up pressure…
Swiss bank UBS to allow most staff to adopt hybrid working
Switzerland’s biggest bank said that the UBS Group will allow most of its staff to mix remote working with time spent in the office. This takes a more relaxed approach than some of its Wall Street rivals. UBS said that they are committed to offering their employees the flexibility for hybrid working where role, tasks…