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Credit Suisse Power Struggle Erupts Before Board Meeting

  • Tensions between Chairman Rohner and CEO Thiam mounting
  • Top shareholder wants Thiam to stay, chairman to prepare exit
Tidjane Thiam
Tidjane ThiamPhotographer: Michele Limina/Bloomberg
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A power struggle atop Credit Suisse Group AG is coming to a head.

As the board prepares to meet next week, tensions are mounting between Credit Suisse Chairman Urs Rohner and Chief Executive Officer Tidjane Thiam in the wake of an embarrassing scandal that triggered a regulatory probe into the bank’s culture and management.