Thiam Should ‘Squeeze’ Bank Before Tapping Owners, Herro Says
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Credit Suisse Group AG Chief Executive Officer Tidjane Thiam should avoid tapping investors for funds by getting more out of the company first, said one of the bank’s biggest shareholders.
“There have been all these whispers about a capital raise; let’s try to do without a capital raise,” David Herro, chief investment officer for international equities at Harris Associates in Chicago, said in an interview. “Let’s just try to squeeze the business a little harder. Let’s not take the easy way out. Let’s sweat it a bit.”