As more time passes since Credit Suisse was forced by authorities into a marriage with UBS, the more contradictory the decision appears. This is especially true if one compares the fate of Credit Suisse with that of BSI in Ticino, finds Italian financial journalist Gabriele La Monica in an interview with finews.com.
Sergio Ermotti will replace Ralph Hamers as group chief executive as the bank faces the urgent and challenging task of merging the two global banking giants.
After Credit Suisse said on Thursday it would borrow up to $54 billion from the Swiss central bank to shore up liquidity, the bank s troubled recent history is once again in the limelight.