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Teodoro Cocca
Teodoro Cocca: «Credit Suisse Has to Hurry» );}
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Credit Suisse (CS) shareholders are to gather – virtually - for the annual general meeting in few days. Morale has probably been better. The events of the past few weeks have bared strategic flaws. It would be fatal to characterize the losses as unfortunate, isolated events. Urgent action is now required as the recent mishaps are only making it fall farther behind international peers.
An expected strategic review by incoming chairman
Antonio-Horta-Osorio is probably the bank’s last chance to define its own future from a position of relative strength. A hard look at the basics of its business model and how it intends to generate long-term value for shareholders are key questions the board should answer. The «One Bank» strategy and the interplay between investment banking, asset manage