Credit Suisse chairman resigns after company probe
The chairman of global banking giant Credit Suisse, Antonio Horta-Osorio, has resigned with immediate effect after breaking Covid quarantine rules.
"I regret that a number of my personal actions have led to difficulties for the bank and compromised my ability to represent the bank internally and externally," Mr Horta-Osorio said in"I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time," he added.Image caption,
Credit Suisse has also been hit with huge losses in connection with the failed financial firm Greensill - which backed Liberty Steel - and Archegos, the US hedge fund which collapsed last year. But allies of the former boss of Lloyds Banking Group insist that the board of Credit Suisse could have censured him rather than forced him out and suggest that the Swiss bank had not appreciated his efforts to reform an executive team and a culture that has been hit a series of scandals in recent years.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
António Horta-Osório resigns as Credit Suisse chair over Covid breaches\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Credit Suisse boss António Horta-Osório resigns over Covid breachesFormer chief executive of Lloyds attended Wimbledon when he should have been in quarantine
Read more »
Credit Suisse chairman QUITS after probe finds Wimbledon Covid foulCredit Suisse Chairman and former Lloyds boss Antonio Horta-Osorio has quit - after breaking strict isolation rules to go to Wimbledon.
Read more »
Credit Suisse boss António Horta-Osório resigns over Covid breachesFormer chief executive of Lloyds attended Wimbledon when he should have been in quarantine
Read more »
António Horta-Osório resigns as Credit Suisse chair over Covid breaches\n\t\t\tKeep abreast of significant corporate, financial and political developments around the world.\n\t\t\tStay informed and spot emerging risks and opportunities with independent global reporting, expert\n\t\t\tcommentary and analysis you can trust.\n\t\t
Read more »
Credit Suisse chairman QUITS after probe finds Wimbledon Covid foulCredit Suisse Chairman and former Lloyds boss Antonio Horta-Osorio has quit - after breaking strict isolation rules to go to Wimbledon.
Read more »