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Credit Suisse CEO beset by staff tension, sinking stock

Tidjane Thiam sends staff memo saying that concerns over another round of capital raising are unfounded
Wednesday, June 22, 2016 - 05:50
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Mr Thiam has blamed upset investment bankers for a negative environment, and has said repeatedly that he will not backtrack as a result of their complaints.

New York

ANOTHER downturn in the stock price of Credit Suisse has put Tidjane Thiam, the bank's embattled chief executive, on the defensive - again.

Last Friday, Mr Thiam sent employees a memorandum which said that hedge funds were betting against shares of Credit Suisse - taking