Page 24 - Urs Rohner News Today : Breaking News, Live Updates & Top Stories | Vimarsana

New chairman Horta-Osorio well-schooled for Credit Suisse tests Reuters 6 hrs ago © Reuters/SIMON DAWSON Antonio Horta-Osorio CEO of Lloyds Banking Group leaves Downing Street in London By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH (Reuters) - Antonio Horta-Osorio will need to draw deeply on the lessons he learned in turning around British bank Lloyds when he joins Credit Suisse as its new chairman on Friday. As one of Europe's longest-serving bank CEOs, he has received plaudits for bringing Lloyds back from the brink in 2011, when in an interview this month he said it was "about to...

(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...

Credit Suisse plots comeback after ‘costly mistakes’ took it to the brink Credit Suisse has recently been in the spotlight for all the wrong reasons Keystone / Peter Klaunzer As Credit Suisse executives finalised an emergency $1.9 billion (CHF1.75 billion) fundraising from investors last week, a group of the bank’s prized super-rich clients from across Europe and Asia were on a separate Zoom call hosted by law firm Boies Schiller Flexner to plot a class-action suit against the lender. This content was published on April 28, 2021 - 08:39 April 28, 2021 - 08:39 Owen Walker and St...

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Credit Suisse shareholders seek removal of risk chief after twin scandals Big investors target Andreas Gottschling in wake of Archegos and Greensill controversies about 4 hours ago   Some of Credit Suisse’s largest shareholders will attempt to remove the board member in charge of risk oversight, in protest at twin scandals that have cost the bank and its clients billions and tarnished its reputation. Andreas Gottschling – a 53-year-old German who has served as chair of the risk committee since 2018, earning a $1 million (€830,000 ) annual fee – has come under fire after the Swiss ba...