Credit Suisse Group AG enlisted two heavyweights of European banking to join its board and help supervise risks after losing $5.5 billion from failed family office Archegos Capital Management.
The Swiss bank proposed Axel Lehmann, a former UBS Group AG executive, and Juan Colombas, a former lieutenant to Credit Suisse Chairman António Horta-Osório, for board election in October. If approved by shareholders, Mr. Lehmann will become chair of the board’s risk committee, a role vacated by Andreas Gottschling in April afterMr.
Mr. Colombas worked for decades with Mr. Horta-Osório, first at Banco Santander SA and then Lloyds Banking Group PLC, where Mr. Horta-Osório was chief executive until April. Mr. Colombas held senior risk and operations roles at the two banks, and since leaving Lloyds in 2020 has been on the board of ING Groep .
Mr. Horta-Osório said the two men would help shape Credit Suisse’s strategic realignment, and “enhance our culture of risk management and personal responsibility and accountability.”
Source: News Formal (newsformal.com)
Romanian state tryes non stop to bring me down,in all the ways possible.I am not getting along with romanians, despite speaking very well romanian language, I don't see myself man disregarding the country and I am not an' ignored' kid...
Whoops
I have never been married with a romanian man...and I am not allowed to have, make money, neither leave Romania...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Credit Suisse proposes adding two risk experts to its boardCredit Suisse (CSGN.S) wants to appoint two risk experts to its non-executive board, Switzerland's second biggest bank said on Friday, as it seeks to repair the damage caused by the Archegos and Greensill affairs.
Source: Reuters - 🏆 2. / 97 Read more »
Credit Suisse downgrades Virgin Galactic, says stock has few catalysts over the next yearNew for subscribers: Credit Suisse downgrades Virgin Galactic, says stock has few catalysts over the next year. Check out CNBCPro today. Pro For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Bowser_51 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success
Source: CNBC - 🏆 12. / 72 Read more »
Daniel Schmid’s ‘The Written Face’ Near to Re-Launch by Cinémathèque Suisse (EXCLUSIVE)A force on Europe’s film archive scene, the Cinémathèque Suisse is near to finishing a restoration of “The Written Face,” regarded as one of the best films by one of Switzerland’s most prominent fi… RT : Daniel Schmid’s ‘The Written Face’ Near to Re-Launch by Cinémathèque Suisse (EXCLUSIVE)
Source: Variety - 🏆 108. / 63 Read more »
Car Rental Benefits Offered By Credit CardsBanks have invested heavily in marketing credit cards toward frequent travelers, so it should be no surprise that many credit cards come with benefits for people renting cars. If you are planning on renting a car during your travels, your existing credit cards probably offer benefits that will save Advisor nice
Source: Forbes - 🏆 394. / 53 Read more »
The child tax credit may be helping ease economic hardship after just one roundParents reported less trouble affording food and paying for household expenses after the first enhanced child tax credit payment was sent on July 15, according to the latest Census Bureau Household Pulse Survey Exactly what we hoped for. Bullshit, its being used for car payments
Source: CNN - 🏆 4. / 95 Read more »
IRS warns of child tax credit scamsThe Internal Revenue Service is warning taxpayers of ongoing scams related to the child tax credit -- with some landing directly in Americans' email or smartphone. Looking For a design a real estate unique modern business logo -- good The IRS is the one scamming people
Source: ABC - 🏆 471. / 51 Read more »