Credit Suisse's now former chairman, Antonio Horta-Osorio, had vowed to tackle risk at the scandal-plagued bankZURICH - The head of Credit Suisse has resigned less than a year after taking the reins of the scandal-hit bank following reports that he had broken COVID quarantine rules.
Credit Suisse confirmed last month that Horta-Osorio had violated quarantine rules following a report by Swiss tabloid Blick. After arriving at his home, Horta-Osorio asked if he could be released from isolation or if the measure could be shortened for him, the newspaper said. Horta-Osorio, who built a solid reputation in having turned around British bank Lloyds, had pledged to tackle risk at Credit Suisse."We respect Antonio's decision and owe him considerable thanks for his leadership in defining the new strategy, which we will continue to implement over the coming months and years," Severin Schwan, vice chair of Credit Suisse's board, said in the company statement.
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Credit Suisse hits another bump as chair quits over Covid-19 rulesMove comes less than a year after Horta-Osorio was hired to help deal with the implosion of Archegos I entrusted Vina_Redmon with my money since I took rush of investing my money with her platform, and since then I've recovered all I lost to scams. Get in touch with Vina_Redmon and get a good mentorship and safe trading.
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