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4.10.22

Analysis: Credit Suisse’s turnaround just got a lot tougher as market reels- source reuters

5 minute readOctober 4, 20227:35 AM GMT+3Last Updated 3 hours ago Analysis: Credit Suisse’s turnaround just got a lot tougher as market reels By Oliver Hirt and Carolina Mandl Logo of Swiss bank Credit Suisse is seen in Bern The logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland September 26, 2022. REUTERS/Arnd Wiegmann/File Photo ZURICH/NEW YORK, Oct 4 (Reuters) - Swiss lender Credit Suisse Group AG (CSGN.S), battered by scandals and losses, is racing through a restructuring plan. Wild market swings and a social media storm are making that task increasingly difficult. Reporting by Oliver Hirt in Zurich and Carolina Mandl in New York Additional reporting by Lananh Nguyen, Davide Barbuscia, Megan Davies and Greg Roumeliotis in New York Writing by Elisa Martinuzzi and Paritosh Bansal Editing by Matthew Lewis