Credit Suisse Chair Quits Over Covid Breach. The Stock Is Down. [MarketWatch]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
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Source: MarketWatch
His abrupt departure follows an internal investigation commissioned by the board, Credit Suisse said Monday in a statement . It named board member Axel Lehmann, a former UBS (ticker: UBS) executive, as Horta-Osorio's replacement, effective immediately. Credit Suisse (CSGN. Switzerland) was down around 2% in midday Zurich trading. The stock has lost more than 30% since the bank first disclosed it would take a loss after the meltdown of U.S. hedge fund Archegos Capital Management “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,” Horta-Osario said in the statement. “I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time.” Horta-Osario, the former chief executive of Lloyds Banking Group, was brought in to Credit Suisse to help repair its balance sheet after losses triggered by the Archegos problem and the collaps
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LYG
Sec Filings
- 4/23/24 - Form 6-K
- 4/22/24 - Form 6-K
- 4/19/24 - Form 6-K
- LYG's page on the SEC website