You are here

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

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...

Market voices on: