Credit Suisse CEO Tells Staff to Focus on Facts to Stem Turmoil
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The embattled chief executive officer of Credit Suisse Group AG told his staff to focus on facts as he pledged to rapidly move ahead with a plan to streamline operations.
In a memo to staff, Ulrich Koerner said the bank would continue to focus on the transformation of Credit Suisse from a position of strength, citing an improved liquidity coverage ratio and recent capital raisings. A spokesperson at the lender couldn’t immediately be reached for a comment.