Credit Suisse Sees Loss In Q1 On Hefty Archegos Charge; Executives To Step Down
ZURICH (dpa-AFX) - Swiss lender Credit Suisse Tuesday said it expects to report a pre-tax loss in its first quarter, hurt by a hefty 4.4 billion francs charge following the collapse of US-based hedge fund Archegos Capital Management.
Related to the issues, the company said Investment Bank Chief Executive Officer Brian Chin will step down from his role on the Executive Board, effective April 30. Further, Lara Warner, Chief Risk and Compliance Officer, will step down, effective April 6.
Credit Suisse has appointed Christian Meissner as Investment Bank CEO and member of the Executive Board, effective on May 1. Joachim Oechslin is appointed ad interim Chief Risk Officer and member of the Executive Board on an ad-interim basis, effective April 6. Thomas Grotzer is appointed ad interim Global Head of Compliance, effective April 6.
COLUMBUS A man implicated in the alleged pedophile-pill ring a federal grand jury indicted last summer is asking to be released from custody, arguing new evidence has come to light showing he did not drive kids to a Wheelersburg home to be abused.
W. David Cole, 62, of Portsmouth, is described in court records as a close friend of 69-year-old Larry Dean Porter, who authorities said paid parents cash and drugs in order to rape their children. Federal records indicate this had been going on for years â one witness told the FBI she had seen parents, who themselves had been abused by Porter, bring their own children to him years later.
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(Reuters) - The United States has put Johnson and Johnson in charge of a plant that ruined 15 million doses of its COVID-19 vaccine and has stopped British drugmaker AstraZeneca Plc from using the facility, a senior health official said on Saturday.
J&J said it was assuming full responsibility of the Emergent BioSolutions facility in Baltimore, reiterating that it will deliver 100 million doses to the government by the end of May.
The Department of Health & Human Services facilitated the move, the health official said in an email, asking not to be named due to the sensitivity of the matter.
After delays due to the COVID-19 pandemic, Pennsylvania will start enforcing the federal REAL ID law on Oct. 1.
With six months left until enforcement, PennDOT last week reminded state residents that a REAL ID will be needed for commercial domestic air travel and other federal purposes, such as entering a military base. Those who want a REAL ID-compliant driverâs license and photo ID card are encouraged to act as quickly as possible so they receive their REAL ID before enforcement begins.
To date, PennDOT said it has issued about 1.1 million REAL ID products. Other federally acceptable forms of identification include a valid U.S. passport/passport card and a military ID.