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

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

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

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The shares are hovering near a record low.

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Koerner asked staff to remain disciplined and close to clients despite all the media attention the bank is receiving

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

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