Credit Suisse chairman resigns after internal investigation

KIFI

Published January 17, 2022 12:40 AM

By JAMEY KEATEN
Associated Press

GENEVA (AP) — Credit Suisse says its chairman has resigned following an internal investigation that reportedly turned up that he had violated quarantine rules intended to fight the COVID-19 pandemic. The resignation of Antonio Horta-Osorio, a British-Portuguese national who took the job barely eight months ago, was announced Monday. It’s the latest upheaval at the top-drawer Swiss bank that has faced an array of recent troubles, including bad bets on hedge funds and an internal spying scandal. Axel Lehmann will take over the post. Lehmann is a Swiss national and former executive at rival bank UBS who joined the Credit Suisse board in October.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KIFI Local News 8 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.