Ulrich Körner, the man trying to hold Credit Suisse together

Ulrich Körner tasked with stabilizing Credit Suisse during existential crisis after $121bn in customer withdrawals and a second consecutive multibillion loss, as speculation swirls about bankruptcy or state-arranged rescue.

March 18, 2023 . 12:38 PM

1 min read

Ulrich Körner tasked with stabilizing Credit Suisse after $121bn in customer withdrawals and a second consecutive multibillion loss.
Credit Suisse's largest investor ruled out providing any more capital and the bank was forced to petition the Swiss National Bank for a SFr50bn lifeline.
Speculation swirls about bankruptcy, break-up or a state-arranged rescue by UBS.
Körner has a reputation for being dispassionate and effective in cost cutting, but his blunt, data-led communication style has failed to comfort investors.
Körner's colourful personality includes being a petrolhead and rally driver.