Credit Suisse plunged into fresh chaos after chairman ousted [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
Swiss financial giant into fresh turmoil as it struggles to emerge from a series of scandals. Antonio Horta-Osorio's departure, unveiled in a surprise midnight announcement on Monday, brings an abrupt end to the tenure of a turnaround specialist who promised to instill a culture of personal responsibility at the bank after its most turbulent year since the financial crisis. He was replaced by Axel P. Lehmann, a Credit Suisse board member who oversees the risk committee but is little known outside Zurich. Horta-Osorio, who received a British knighthood after reviving Lloyds Banking Group Plc., is leaving after breaching quarantine rules, underscoring the growing pressure on business, political and even sporting elites who bypass protocols. For the Swiss bank, the timing could hardly be worse after it counted on the Portugese banker to guide it past the collapses of Greensill Capital and Archegos Capital Management and bring much-needed stability at the top after a series of high-pr
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LYG
Sec Filings
- 4/17/24 - Form 6-K
- 4/16/24 - Form 6-K
- 4/15/24 - Form 6-K
- LYG's page on the SEC website