Credit Suisse's Lack of Adult Supervision
(Image: Shutterstock) Credit Suisse's Lack of Adult Supervision As Urs Rohner wraps his ten-year tenure of the Zurich-based bank, he was blasted as being «more than asleep at the wheel» by Credit Suisse's second-largest shareholder, Harris Associates' Dave Herro, in the «Financial Times». The «nonsense and poor oversight» are due to end when Rohner hands over to António Horta-Osório on Friday. The Swiss lawyer is leaving in ignominy: Credit Suisse tapped shareholders four times in nine years, held fast to investment banking risk-taking despite several huge accidents, pleaded...
Source: finews.com