Investment Banking

摘要

Tidjane Thiam is still standing. By simply surviving as chief executive officer of Credit Suisse Group AG, he's done what more experienced bankers couldn't in trying to fix Europe's troubled banks. With a restructuring plan he masterminded coming to an end this month, Thiam's next feat will be to prove to skeptics that a former consultant can do more than just cut costs.Even after he spent three years weaning the Swiss bank off its obsession with Wall Street and remaking it into a go-to lender for the super rich, investors aren't buying what he's selling. Among 39 European bank shares tracked by Bloomberg, Credit Suisse's stock price performance is fourth from the bottom so far in the fourth quarter of 2018. "It's been a relentless restructuring, but what I want to see now from Thiam is that he can grow the bank and generate new business," says Javier Lodeiro, an analyst at Ziircher Kantonalbank in Zurich.