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
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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 the view that Mr Thiam would have to raise more capital from investors. Credit Suisse officials said that the chief executive regularly sends updates to employees.
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