Credit Suisse Chair Quits Over Covid Breach. The Stock Is Down.

2 years ago 503

Credit Suisse Chairman António Horta-Osório has resigned conscionable 9 months into the relation aft breaching Covid-19 quarantine rules.

His abrupt departure follows an interior probe commissioned by the board, Credit Suisse said Monday successful a statement. It named committee subordinate Axel Lehmann, a erstwhile UBS (ticker: UBS) executive, arsenic Horta-Osorio’s replacement, effectual immediately.