Zurich  — The balance of power at the top of Credit Suisse is shifting in favour of Tidjane Thiam after key shareholders came out to back the CEO in a clash with chair Urs Rohner.

After a week in which Harris Associates’ David Herro stepped up his rhetoric against any plan to oust Thiam, a second major shareholder entered the fray. Silchester International Investors, a secretive UK investment firm, signalled there should be no change of CEO and joined Herro in demanding that Rohner should step down early if he refuses to back Thiam...

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