It’s been a tough eight months for Credit Suisse’s CEO Ulrich Körner, who took over the reins in August 2022 from Thomas Gottstein after just two years at the helm. And things have taken a turn for the worse, as the market turmoil in the wake of Silicon Valley Bank’s collapse added fuel to the lender’s fires.
As a result, the Swiss bank has been forced to turn to the country’s central bank to help shore up its balance sheet in a move it termed “taking decisive action to pre-emptively strengthen its liquidity”.
