{"id":1656314,"date":"2022-09-24T09:50:07","date_gmt":"2022-09-24T13:50:07","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1656314"},"modified":"2022-09-24T09:50:39","modified_gmt":"2022-09-24T13:50:39","slug":"credit-suisse-aims-for-stronger-franchise-from-global-review","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/credit-suisse-aims-for-stronger-franchise-from-global-review\/","title":{"rendered":"Credit Suisse aims for stronger franchise from global review"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">18<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fcredit-suisse-aims-for-stronger-franchise-from-global-review%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1656314&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>By Scott Murdoch<\/p>\n<p>HONG KONG (Reuters) \u2013     Credit Suisse\u2019s top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to a memo seen by Reuters on Saturday, amid uncertainty over a global review of its operations.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The memo sent by Chairman Axel Lehmann and Chief Executive Ulrich Koerner said a \u201cheightened level of media and market speculation\u201d regarding the review had raised questions among the bank\u2019s staff and clients.<\/p>\n<p>Reuters reported on Thursday that Credit Suisse had sounded out investors about a possible capital raising as it attempts a radical overhaul of its investment bank.<\/p>\n<p>Koerner was appointed chief executive in late July and ordered a review of the bank\u2019s operations, the second of its type in two years.<\/p>\n<p>\u201cWhen we launched our strategic review, we committed to an ambitious timeline whilst also making it clear that we would carry out a rigorous and diligent evaluation of all options for Credit Suisse,\u201d the note said.<\/p>\n<p>\u201cWe want to establish a clear path for the bank that will strengthen our franchise for the long term. This process requires time and a significant effort from many parts of the organization.\u201d<\/p>\n<p>A Credit Suisse spokesperson confirmed the contents of the memo.<\/p>\n<p>Various scenarios are under discussion for the investment bank, including the most drastic option of largely exiting the U.S. market, two sources said. A bank spokesman said \u201cCredit Suisse is not exiting the U.S. market.\u201d<\/p>\n<p>The review\u2019s findings will be published on Oct. 27 when the bank releases its third-quarter earnings, said the memo, first published by Bloomberg News earlier on Saturday.<\/p>\n<p> (Reporting by Scott Murdoch; Editing by David Holmes)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/credit-suisse-aims-for\/attachment\/file-photo-logo-of-swiss-bank-credit-suisse-is-seen-5\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/09\/tagreuters.com2022binary_LYNXMPEI8N04V-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI8N04V-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Scott Murdoch HONG KONG (Reuters) \u2013 Credit Suisse\u2019s top two executives have told staff the bank is working to establish a stronger franchise in the longer term, according to<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1656314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1656314","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1656314"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1656314\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1656314"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1656314"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1656314"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}