Credit Suisse's new CEO Gottstein seeks growth offensive
Friday, 7 February 2020 Credit Suisse's incoming chief executive, Thomas Gottstein, plans to put Switzerland's second-biggest bank on a growth offensive following predecessor Tidjane Thiam's cost-cutting exercise, he told Reuters on Friday.
Credit Suisse has fired a fraudulent banker. The bank found the banker drove a loss of roughly $11 million after forging documentation for an African wealth-management client. The bank has since dismissed the Zurich-based banker. Sources tell Bloomberg that Credit Suisse reimbursed affected clients. The bank told Business Insider they "took appropriate legal measures and informed the affected clients and relevant regulators."