Philipp Rickenbacher. Rickenbacher's exit occurred after the bank reported 586 million Swiss francs ($646 million) of losses on loans to Signa, the property firm of fallen Austrian tycoon Rene Benko.

and confirmed that Chief Executive Officer Philipp Rickenbacher is stepping down as a result. The shares surged, trading up 7.3% at 50.76 Swiss francs ($58.823) at 1:13 p.m. The Zurich-based ...

Philipp Rickenbacher. Rickenbacher's exit occurred after the bank reported losses of 586 million Swiss francs ($646 million) on loans to Signa, the property firm run by fallen Austrian tycoon Rene ...

“Competition stimulates business. Two healthy and strong big banks are important for the Swiss financial centre,” Philipp Rickenbacher told the Neue Zuercher Zeitung. Credit Suisse is trying ...

The news of Lacher's departure comes after new CEO Stefan Bollinger began work at the Zurich-based wealth manager on Jan. 9, almost a year after it announced the departure of the previous chief ...