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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

'Transformation' Beckons for Embattled Credit Suisse

Credit Suisse Ulrich Koerner Andreas Venditti Lehman United States Switzerland Greensill
A sign of Switzerland's second largest bank Credit Suisse on a branch's building in downtown Geneva in a file photo from November 4, 2020. Fabrice Coffrini, AFP

Battered by a series of scandals, rumors of financial trouble and plunging shares, Credit Suisse is preparing "transformation plans" to restore confidence in the Swiss banking giant.

Ulrich Koerner, who took over as chief executive in August, is due to present the strategic review on October 27, AFP said.

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