Credit Suisse needs to salvage reputation and personnel after latest scandal, analysts say
Analysts told CNBC Monday that the bank had made the right call in removing Horta-Osorio, and that Lehmann was a wise appointment as the firm looks to deliver stability.
"One can only hope that the scandals will fade over time, and that they will be able to turn the nose of the ship in the right direction, away from the storm. It is about time, that is clear," Verstraete told CNBC. "I think the job at hand for Credit Suisse over the coming months and year is frankly to repair its risk management, to repair its reputation, and obviously one factor that needs to be looked at carefully is, can it retain its talent?" said Bob Parker, investment committee member at Quilvest and former senior advisor at Credit Suisse.
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