Credit Suisse at ‘critical moment’ as bank prepares for latest overhaul: CEO

In the second carefully-worded memo sent to reassure staff in as many weeks, Koerner told employees not to confuse the “day-to-day” stock price performance with the Swiss firm’s “strong capital base and liquidity position.” The shares are hovering near a record low. Koerner asked staff to remain disciplined and close to clients despite all the media attention the bank is receiving.

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