Credit Suisse is at a critical moment: CEO to staff as shares near record-low

Credit Suisse CEO Ulrich Korner in a memo to his staff said that the bank is at a "critical moment" and asked them to not confuse the "day-to-day" stock price performance with the firm's "strong capital base and liquidity position". Notably, its shares are near record-low. "We're in the process of reshaping Credit Suisse for a long-term," added Korner.