Credit Suisse Names Ulrich Körner CEO and Launches Strategic Revamp

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Credit Suisse Names Ulrich Körner CEO and Launches Strategic Revamp
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Credit Suisse named Ulrich Körner as its next chief executive and charged him to lead a fresh effort to stabilize the bank after financial losses and scandals

Credit Suisse Group AG named Ulrich Körner as its next chief executive and charged him to lead a fresh effort to stabilize the bank after financial losses and scandals.

The troubled Swiss bank has been trying to repair its business managing rich people’s wealth and operating a Wall Street investment bank. On Wednesday, it launched a new strategic review to pare back the investment bank further and slash its overall costs.

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