Senior executives at the bank appear to have spent most of the weekend trying to reassure clients and investors of its financial health, according to a report
He was followed out of the door in July this year by Thomas Gottstein, the chief executive, who resigned for what he described as"personal and health-related considerations".
Mr Korner sent an internal memo to colleagues on Friday afternoon, which promptly leaked, in which he urged them to"remain focused amid the many stories you read in the media" and told them not to confuse the bank's weak share price performance - the shares are down 61.5% so far this year following a 5% decline this morning - with its"strong capital base and liquidity position".
But it is a fact that Credit Suisse's funding costs have risen, gnawing away at its profitability, following downgrades in its credit rating. But the scandals have kept on coming. Shortly before Mr Gottstein resigned, the bank became the first Swiss domestic lender to be fined for a corporate crime, its punishment relating to its failure to stop money laundering by Bulgarian drug dealers between 2004 and 2008.
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