Credit Suisse chairman resigns after internal investigation
Headline from WFMZ Allentown
Credit Suisse says its chairman has resigned following an internal investigation that reportedly turned up that he had violated quarantine rules intended to fight the COVID-19 pandemic. The resignation of
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Credit Suisse says its chairman has resigned following an internal investigation that reportedly turned up that he had violated quarantine rules intended to fight the COVID-19 pandemic. The resignation of
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.
Credit Suisse said late Sunday that Antonio Horta-Osório had resigned following an investigation commissioned by the board that examined his conduct, including travel that breached COVID-19-related government rules and his personal use of corporate aircraft.
In the latest of a series of high-profile scandals, Credit Suisse Chairman Antonio Horta-Osorio has resigned after violating Covid-19 quarantine rules.
A board investigation found Horta-Osorio, who became Credit Suisse’s chairman just nine months ago, failed to follow quarantine rules when traveling to the U.K. to watch the Wimbledon tennis finals.
