“Turbo Thiam” New Credit Suisse CEO Tries to Increase Profits. Restructuring Experts The Edge Say Thiam’s Severely Risking Investors Money

Editor, Jorgos Brouzos, Editor of Tages-Anzeiger: Credit Suisse’s Thiam is confident that the Bank will meet the new requirements with the latest capital increase. 1.35 billion francs were subscribed by investors. Thiam’s new strategy envisages that the new funds raised, the announced austerity measures and the future profits sufficient to bring the core capital ratio to about 3.5 percent. Some experts consider these assumptions too optimistic.

High capital requirements: Many observers also complain that the high-risk investment banking of CS remains too large. CS and Thiam is not delivering the fundamental change investors expected, says Ryan Mendy of the US equity research company The Edge Consulting Group. “Credit Suisse has not done a Spinoff of the private customer business of the investment bank, the bank will very soon have major difficulties. Without the investment bank, if CS did a Spinoff of the business, it would be profitable for investors and an excellent stock to own”, he continued. Further to this, analysts say…

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