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Investors who tried to save Credit Suisse boss Thiam hastened his demise

Tidjane Thiam quit after months of pressure as the Swiss bank’s board ran out of patience with fallout from a spying scandal

Tidjane Thiam
Tidjane Thiam Photo: Getty Images

A drumbeat of investors’ public support for Credit Suisse chief executive Tidjane Thiam over the past week was intended to force the bank’s board to back him or sacrifice one of their own amid a high-stakes spying scandal.

The plan backfired.

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