Credit Suisse appoints new CEO to trim investment bank amid Q2 losses

The bank will pivot away from investment banking and towards its Wealth Management, Swiss Bank and Asset Management divisions, as Ulrich Körner takes the helm.

Credit Suisse has reported worse-than-expected second-quarter 2022 results, dragged down by poor performance of its investment banking franchise.

¬ Haymarket Media Limited. All rights reserved.

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