Credit Suisse Should Rebound Once Overhaul Complete, Herro SaysBy
Bank should trade for at least 1.5 times book value: Herro
David Herro was speaking in interview with Bloomberg Radio
Credit Suisse Group AG shares should rebound once Chief Executive Officer Tidjane Thiam completes a restructuring that’s shifting the Swiss lender toward wealth management, said David Herro of Harris Associates, one of the bank’s biggest shareholders.
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