Credit Suisse still struggling to get his house in order. A new leader will help, but the job is getting harder and harder.
Bank in crisis named New CEO and strategy on Wednesday, along with dismal second-quarter results. The change is not surprising after its recent streak of quarterly losses, Profit alert and change senior personnel. The board will be more involved and the upcoming CEO will bring useful experience, but previous efforts was disappointed and the macroeconomic landscape is not ideal to change.
