UPDATE 1-Credit Suisse loses top executives Welter and McCarthy

Yahoo! Finance Sep 27, 2022 02:40 PM ET

Credit Suisse announced the departure of two senior executives, global co-head of banking Jens Welter and global head of global credit products Daniel McCarthy, in memos seen by Reuters, in a blow to the Swiss bank as it gets ready for a major restructuring. Shaken by a string of scandals and losses, Switzerland's second-largest bank is currently preparing a strategy review including a radical overhaul of its investment bank. The bank said that Welter, its global co-head of banking and EMEA co...