Credit Suisse chairman quits over COVID-19 breaches in latest setback [FOX Business Network]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
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Source: FOX Business Network
SINGAPORE - Credit Suisse Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the bank said on Monday, raising questions over the embattled lender's new strategy as it tries to recover from a string of scandals. This comes less than a year after Horta-Osorio was hired to help the bank deal with the implosion of collapsed investment firm Archegos and the insolvency of British supply chain finance company Greenshill Capital, even as it was still reeling from the 2020 exit of its CEO Tidjane Thiam over a spying scandal Combined, these triggered multi-billion dollar losses and sackings at Switzerland's No.2 bank, and Horta-Osorio announced a new strategy in November to rein in its investment bankers and curb a freewheeling culture. However, Horta-Osorio's personal conduct has recently come under scrutiny, with reports he breached COVID-19 quarantine rules twice in 2021. "I regret that a number of my personal actions have led to difficulties for th
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LYG
Sec Filings
- 5/8/24 - Form 6-K
- 5/8/24 - Form 6-K
- 5/7/24 - Form 6-K
- LYG's page on the SEC website