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Tidjane Thiam, former CEO of Credit Suisse, faces renewed scrutiny over past surveillance allegations while pursuing a political career in Côte d'Ivoire. His tenure at the bank, marked by distrust and controversial decisions, ended amid accusations of mismanagement and a failure to stabilize the institution, which ultimately led to its emergency takeover by UBS in 2023. Despite the challenges, Thiam remains a prominent figure, recently elected leader of the largest opposition party and eyeing the presidency.
Credit Suisse (CS) faced severe liquidity issues during the Covid crisis, being the only global systemically important bank unable to meet its requirements, which led to failed merger talks with UBS in 2020. UBS later acquired CS in 2023, benefiting from the latter's weakened state and government guarantees, avoiding the risks and costs associated with a merger three years earlier. UBS's management had long viewed CS as doomed, particularly after its 2015 strategy under Tidjane Thiam, which was seen as a dead end.
Prudential Ltd.
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Tidjane Thiam faces renewed scrutiny amid political ambitions in Côte d'Ivoire
Prudential Ltd.
Credit Suisse Anlagestiftung
UBS AG
CHE
Lorenz Honegger
Tidjane Thiam
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23:14 09.11.2024
ubs avoids merger with credit suisse in 2020 amid liquidity concerns
Swiss Franc
Prudential Ltd.
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05:30 29.10.2024
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