Will Banks Bounce Back in 2017? Credit Suisse’s CEO is a Believer

[kreslik.news]

Times are tough for European banks as they struggle to achieve profitability and allay stagnating revenues, however at least one individual sees scope for recovery in 2017, with Credit Suisse CEO Tidjane Thiam championing the group’s reorganization attempts.

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Since taking over as the Chief Executive Officer in 2015, Thiam has helped oversee some trying times for Credit Suisse, though he has stuck to a reorganization plan that is predicated on job cuts and internal transformation. Moreover, his optimism is reinforced by improvements in market conditions, which could ... (read more)