Credit Suisse well on the recovery path following huge losses, says chairman Axel Lehmann

In an interview with The Straits Times, Mr Axel Lehmann said “the situation has completely stabilised”. PHOTO: CREDIT SUISSE
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SINGAPORE - Despite suffering reputational damage over the past year, Credit Suisse’s recent initiatives to transform its business are starting to bear fruit, said the bank’s chairman Axel Lehmann.

This comes as the Zurich-based bank is seeking to move past scandals that have rocked it to the core, sent clients scurrying, depressed its financial books and prompted its stock price to dive.

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