Credit Suisseis at ‘critical moment’ as bank prepares for latest overhaul

Credit Suisse is in the throes of what is expected to be a major restructuring of the investment bank

Credit Suisse Group AG’s Chief Executive Officer Ulrich Koerner said the bank is at a “critical moment”.

Koerner told employees not to confuse the “day-to-day” stock price performance

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

stock price performance with the Swiss firm’s “strong capital base and liquidity position.”