WSJ News Exclusive | Empty Private Jet Flights Hastened Credit Suisse Chairman António Horta-Osório’s Downfall

A bank review of António Horta-Osório’s travel found it was paying for planes to return empty after dropping him off in London and Lisbon for the weekend.

Kwexclusive, Banking

1/23/2022 12:52:00 AM

Private jets flying empty, tickets to the Wimbledon finals, and an effort to fix a deeply wounded bank. The downfall of Credit Suisse’s António Horta-Osório.

A bank review of António Horta-Osório’s travel found it was paying for planes to return empty after dropping him off in London and Lisbon for the weekend.

Jan. 22, 2022 4:42 pm ETAfter relocating to Zurich last spring to run Credit Suisse Group AG as chairman, António Horta-Osório flew to London and Lisbon for work meetings and business events, then spent time with his family at homes there.On multiple occasions, a private plane paid for by Credit Suisse dropped him off on a Thursday and returned empty to Switzerland, according to people familiar with the travel. By Monday, a plane picked Mr. Horta-Osório up for work in Zurich.

Read more: The Wall Street Journal »

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Emily.Glazer@wsj.com Jan. 22, 2022 4:42 pm ET After relocating to Zurich last spring to run Credit Suisse Group AG as chairman, António Horta-Osório flew to London and Lisbon for work meetings and business events, then spent time with his family at homes there. On multiple occasions, a private plane paid for by Credit Suisse dropped him off on a Thursday and returned empty to Switzerland, according to people familiar with the travel. By Monday, a plane picked Mr. Horta-Osório up for work in Zurich. To Read the Full Story