Credit Suisse president Antonio Horta-Osorio has resigned, Reuters reports



© Reuters. PHOTOGRAPHY: The logo of the Swiss bank Credit Suisse can be seen in the branch office in Zurich, Switzerland, November 3, 2021. REUTERS / Arnd WIegmann / File Photo


(Reuters) -Credit Suisse Group AG announced on Monday that its president Antonio Horta-Osorio had resigned following an investigation commissioned by the committee.

Switzerland’s second-largest bank has named Axel Lehmann as its new president, which will take effect immediately, the statement said.

In December, a preliminary investigation by Swiss credit (SIX 🙂 revealed that Horta-Osorio attended the Wimbledon tennis final in July during a visit to Britain when the COVID-19 rules required him to be quarantined.

“I regret that a number of my personal actions have led to difficulties for the bank and jeopardized my ability to represent the bank internally and externally,” Horta-Osorio said. “I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time.”

Waiver: Fusion Media I would like to remind you that the information contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by stock exchanges, but by market makers, so prices may not be accurate and may differ from the actual market price, which means that prices are indicative and not suitable for trading. Therefore, Fusion Media is not responsible for any trading losses you may incur as a result of using this information.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage resulting from reliance on information including data, quotations, charts and buy / sell signals contained on this website. Please be fully informed about the risks and costs associated with trading in financial markets, this is one of the riskiest possible forms of investment.


Source link

Leave a Comment