Insight: How Credit Suisse underwent painful bond surgery -and survived

By means of David Henry and Katharina Bart NEW YORK/ZURICH (Reuters) – In spring 2009, senior Credit Suisse government Gaël de Boissard instructed colleagues at a method meeting that as the financial institution reshaped its bond trading industry, they wanted to needless to say the 5 levels of grief outlined decades ago through psychiatrist Elisabeth oKayübler-Ross. Denial would come first, adopted by using anger, bargaining, despair and ultimately acceptance, he stated. "It is exhausting to be present in every trade line in an international where capital is expensive. …