The last survivor of the Credit Suisse leadership: why the new Swiss gigabank doesn't want to do without Ulrich Körner, "Uli the knife".

"It was a memorable moment in March 2023. The Swiss Federal Council, the banking supervisory authority and the heads of the two major Swiss banks had been discussing the end of Credit Suisse for days. After a long weekend, on Sunday evening, March 19th, they finally appeared before the media. The international financial world and Switzerland watched as the demise of CS and the takeover by UBS was announced.

The CEO of CS, Ulrich Körner, who had only been appointed to the head of the bank eight months ago, was not present. His nickname: "Uli the knife". Because Ulrich Körner is considered a merciless cost optimizer. He puts the knife where it hurts. People who have worked closely with him describe him as a logical numbers person. But Körner fails, he cannot save CS from going under."

SOURCE:

https://www.nzz.ch/podcast/wie-ulrich-koerner-den-untergang-der-cs-ueberlebte-nzz-akzent-ld.1738128

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