Credit Suisse Group AG declared large-scale revision of strategy because of losses

Moscow, 27 Jul — the PRIME. Credit Suisse Group AG appointed management expert by Kerner Ulrich the new director general. The Swiss bank, once again carrying out personnel shifts, also declared large-scale revision of strategy, trying to recover from a series of scandals. Pressure upon present director generals Thomas Gottshtayn amplified within several months because of scandals and the losses suffered for two years of his tenure. These failures brought down actions and angered investors. In recent months some investors called for Gottstein's replacement, but...