The bank's management appears unable to see that it is spinning out of control
The defining feature of a bunker is psychological, not architectural. The bunker might be 50 feet underground or it might be an elegant house overlooking Lake Zurich. The walls might be bare concrete or they might be decorated with masterpieces. It makes no difference. The view from the bunker is always the same. Everything's fine. A bunker is where Lukas Muehlemann, chairman and chief executive officer of Credit Suisse Group, along with the rest of his board and management team, appears to have taken up residence. As the bank spins out of control, its leaders remain calm and serene. Don'...
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