Credit Suisse Chairman Resigns After Covid Inquiry [The New York Times]
Lloyds Banking Group Plc American Depositary Shares (LYG)
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Source: The New York Times
The chairman of the Credit Suisse Group,Mr. Horta-Osório, who has been in the position for less than a year, reportedly brokequarantine rulesWimbledon“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,” Mr. Horta-Osóriosaid in statement“I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time,” he added.Mr. Horta-Osório will be succeeded by Axel Lehmann, a former senior executive at the Swiss investment bank UBS. Mr. Lehmann joined the Credit Suisse board last year, where he has been the chairman of the risk committee. Before his time at UBS, he spent nearly two decades at Zurich Insurance Group.Mr. Horta-Osório, a former chief of the Lloyds Banking Group, tookover as chairman in Aprilrecent body blows.“I have worked hard to return Credit Suisse to a successful course, and I am proud of what we have achieved together in my
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- 4/15/24 - Form 6-K
- 4/12/24 - Form 6-K
- 4/11/24 - Form 6-K
- LYG's page on the SEC website