How does the latest shake-up at CS affect its future?
Feels like every year there has been a new CEO / leader for CS. The next CEO, Ulrich Körner, is known as "the Uli the knife", given his ability to cut costs where needed, and they have made it clear that CS will be looking to cut costs. He comes in from the Asset management side. Additionally, looks like the current head of IB is also planning on stepping down in some time.
https://www.ft.com/content/4aeec6d7-8541-4702-a7d9-d66e58cdead2
As an outsider at another bank, interested to hear how the sentiment is inside CS right now. Have bonuses been announced yet? Will this have an effect on that?
Form what I hear here in Switzerland no one is truly safe.
We know they might lay off in Asia / other areas first but a whole restructuring might be in place. I am curious to know if they are gonna sell the AM arm since the new CEO comes from AM…
Not looking great tbh.
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