Credit Suisse Ousts Culture-Fixing Boss After His Own Scandal [Business News Network (BNN) (Canada)]
Lloyds Banking Group Plc American Depositary Shares (LYG)
US:NYSE Investor Relations:
lloydsbankinggroup.com/investors
Company Research
Source: Business News Network
rules, throwing the Swiss financial giant into fresh turmoil as it struggles to emerge from a year of scandals. Antonio Horta-Osorio's departure as chairman, unveiled in a surprise announcement just after midnight on Monday, brings an abrupt end to the tenure of a turnaround specialist who received a British knighthood after reviving Lloyds Banking Group Plc. He was replaced by Axel P. Lehmann, a Credit Suisse board member who oversees the bank's risk committee but is little known outside Zurich. The ouster underscores growing pressure on business, political and even sporting elites who bypass Covid protocols as the omicron variant sends infections soaring worldwide. It also adds to one of the most tumultuous periods for Credit Suisse since the 2008 financial crisis. The bank is in the midst of a strategic overhaul after losing more than $5 billion from the twin collapses of Greensill Capital and Archegos Capital Management. Read more: Johnson Battles for Survival as ‘Partygate'
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LYG
Sec Filings
- 4/22/24 - Form 6-K
- 4/19/24 - Form 6-K
- 4/18/24 - Form 6-K
- LYG's page on the SEC website