Brady Dougan's worst month puts Credit Suisse dividend at risk
Add BT as a preferred source
Zurich
FOR Brady Dougan, it's been the worst start to a year since he became chief executive officer of Credit Suisse Group AG in 2007.
A rise in the value of the Swiss franc following the central bank's decision to let the currency trade freely, coupled with investor concern that the bank's balance sheet isn't strong enough and doubts about the CEO's plan for the securities unit, pushed shares down 22 per cent in January, the biggest monthly drop in Mr Dougan's tenure. Credit Suisse is the worst-performing European bank this year outside of Greece.
TRENDING NOW
DBS COO’s most important tip for AI transformation: Lead with ‘why’
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
