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Swiss Raiffeisen boss to resign July 31 after court complaints

By Reuters Staff
2 Min Read
ZURICH, July 15 (Reuters) - Raiffeisen Schweiz Chairman Guy Lachappelle will resign at the end of July, the third largest Swiss bank said in a statement on Thursday, marking the exit of a figure named in 2018 to the post to bring stability to the group’s leadership.
Pascal Gantenbein, Raiffeisen’s vice chairman, will take on the role of interim chairman of the Swiss credit union until the next general meeting, it said.
Lachappelle, a lawyer and turnaround expert who previously headed Basler Kantonalbank, announced his departure following 2-1/2 years in the job at an emotional press conference in Basel. ....

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Google's Algorithm Mistakenly Tags an Engineer as a Serial Killer

Google's Algorithm Mistakenly Tags an Engineer as a Serial Killer
techtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techtimes.com Daily Mail and Mail on Sunday newspapers.

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Greensill Says He Warned Credit Suisse Weeks Before Collapse

Greensill Says He Warned Credit Suisse Weeks Before Collapse
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Greensill Says He Warned Credit Suisse for Weeks Before Collapse

Greensill Says He Warned Credit Suisse Weeks Before Collapse
Bloomberg
3/13/2021
Jonathan Browning and Patrick Winters
© Bloomberg
A sign hangs above the entrance to a Credit Suisse Group AG office building in Zurich, Switzerland, on Thursday, July 6, 2017. Switzerland is tightening capital requirements for PostFinance AG, Raiffeisen Schweiz and Zuercher Kantonalbank, three systemically important domestic banks, forcing them to set aside more funds to absorb losses and avoid government bailouts.
(Bloomberg) Lex Greensill said he told top Credit Suisse Group AG officials of his difficulties in securing fresh insurance to cover corporate loans underpinning his business for weeks before his supply-chain finance empire’s abrupt collapse. ....

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Raiffeisen back for more Swissie bail-in paper

By Frank Jackman
07 Jan 2021
Raiffeisen Schweiz kicked off its 2021 funding year with an opportunistic Swiss franc dual tranche bail-in bond on Wednesday, landing about 10bp tighter than where it debuted last October.
“This was an opportunistic decision to make use of the attractive market conditions to fund capital requirements,” said a banker involved with the deal. “Despite having already issued similar debt late last year, we felt there was demand for another and we liked the attractive spread and yield
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