Credit Suisse to take a $450m hit from York Hedge Fund
The asset management unit is turning into a major headache for Thomas Gottstein, who took over from Tidjane Thiam in February
24 November 2020 - 19:24
Zurich — Credit Suisse’s Thomas Gottstein has had to contend with losses on loans to rich clients, reports on questionable deals the bank arranged for others, and a lacklustre trading performance.
Now the asset management unit, traditionally a stable business, is turning into a major headache for Gottstein, who took over as CEO from Tidjane Thiam in February...
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