If all of the layoffs, pay cuts and shade-throwing didn’t get the message across, maybe hiring part-time regional co-heads will.
Tidjane Thiam gives away his bonus before Credit Suisse can take it; Uber now dealing with drunk driving scandal; Wells Fargo's pain will last forever; Gypsy Snake Masseuse; and more.
Tidjane Thiam is getting $12 million for 2016. That looks bad when the bank is coming off a $2.7 billion loss for the year and may need to raise capital.
LONDON — Credit Suisse CEO Tidjane Thiam's compensation package for 2016 totalled 11.90 million Swiss francs (£9.6 million, $12 million), the bank's annual report shows. The report, published on Friday, shows Thiam earned a bonus ofShow More Summary
Credit Suisse will cut up to 6,500 more jobs in 2017, as Chief Executive Tidjane Thiam pushes ahead with a major restructuring which he said on Tuesday might now no longer include floating the bank's Swiss business. The plan to spinShow More Summary
Since joining the bank in 2015, Tidjane Thiam, Credit Suisse’s chief executive, has sought to reduce costs by billions of dollars.
Credit Suisse posted a small but unexpected profit as CEO Tidjane Thiam warned that geopolitical events would continue to stir up market volatility. The bank made a net income of CHF41 million (£34 million, $42 million) in the thirdShow More Summary
``All eyes are naturally focused on the specific problems of Deutsche Bank, but Deutsche is in truth no more than the canary in the coal mine. As Tidjane Thiam, chief executive of Credit Suisse, observed last week, as an entire sector, European banks are still "not really investable". Show More Summary
European banks are in a “very fragile situation” and are “not really investable as a sector" according to Credit Suisse chief executive Tidjane Thiam. Speaking at a conference in London this morning, The FT reports, the CEO of Europe's...Show More Summary
European investment banks are struggling to make money in a world of zero interest rates and tougher rules on capital. And their livelihoods are set to get riskier. Tidjane Thiam, the CEO of Credit Suisse, said that market volatility...Show More Summary
Credit Suisse CEO Tidjane Thiam was candid during an interview with Bloomberg Markets that was published Tuesday, but he was less transparent on one important point. When asked whether he had the support of his investment bankers, Thiam...Show More Summary
(Reuters) - Swiss bank Credit Suisse AG does not need to raise capital "in most foreseeable scenarios", Chief Executive Tidjane Thiam said in an interview with Bloomberg. Thiam said there was no need for consolidation with other European banks as it would be difficult in "this new environment". Show More Summary
The return to the black after two periods of losses gave a lift to efforts by its chief executive, Tidjane Thiam, to turn around the Swiss bank.
GENEVA (Reuters) - Credit Suisse Chief Executive Tidjane Thiam congratulated all the bank's trading teams for the way they handled the aftermath of the Brexit referendum, he said in a newspaper interview published on Sunday. "I was on the trading floor in London the day after the Brexit referendum. Show More Summary
By Joshua Franklin and Oliver Hirt ZURICH (Reuters) - Credit Suisse Chief Executive Tidjane Thiam likes to joke he has a predilection for being under pressure. A year into the job he may have got more than he bargained for. Shares in...Show More Summary
The banks' stocks are down 50 pct since they switched leaders last July. Deutsche boss John Cryan had the harder task. But while Credit Suisse's Tidjane Thiam botched an investment bank revamp, geographic and business mix suggests he's more likely to restore shareholder value.
Tidjane Thiam, known for his brusque manner, informed employees that hedge funds were betting against the bank, which relies on company stock to compensate workers.
A drop in bonuses and a move away from investment banking have led traders to grumble about Tidjane Thiam’s plans for the future of the Swiss bank.
The Swiss bank cut costs briskly while keeping capital levels steady in the first quarter. Net margins in wealth management also outdid bigger rival UBS. But boss Tidjane Thiam’s botched restructuring of Credit Suisse’s trading arm is in danger of leaving lasting scars.