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ZURICH (Reuters) -Credit Suisse’s new chairman Antonio Horta-Osorio said he sees the scale of problems facing Switzerland’s second-largest bank as representing his biggest challenge yet.
FILE PHOTO: The logo of Swiss bank Credit Suisse is seen at its headquarters in Zurich, Switzerland March 24, 2021. REUTERS/Arnd Wiegmann/File Photo
Horta-Osorio, who was approved by Credit Suisse shareholders as chairman on Friday, said he intends to look at the bank’s risk management and culture in the wake of two major crises, as well as reviewing the bank’s strategic options.
“Over three and a half decades, I have personally worked at and led several banks in different countries and have lived through many crises,” the former Lloyds chief executive said during Credit Suisse’s webcast annual general meeting.
CREDIT SUISSE SAYS HEAD OF RISK ANDREAS GOTTSCHLING TO STEP DOWN FROM BOARD CREDIT SUISSE SAYS GOTTSCHLING WILL NOT STAND FOR RE-ELECTION TO BOARD AT AGM ON FRIDAY Source text for Eikon: Further company coverage: [csgn.s ] (Reporting by John Revill)
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JERUSALEM, April 21 (Reuters) - Israel is prepared to tap international markets for a benchmark-sized sovereign debt offering in 2021 with the timing and size still to be determined and dependent on market conditions, the country’s accountant general said.
The issue will most likely be euro-denominated after large dollar-denominated offerings in 2020. Israel typically alternates between dollar and euro every year, and the bonds typically attract a huge number of foreign, thanks to the country’s relatively strong economy.
“We do both dollar and euro but right now the euro market is more attractive,” Accountant General Yali Rothenberg said in response to a question from Reuters on bond issues.
(Adds analyst comment, updates prices, changes dateline from HANOI)
LONDON, April 29 (Reuters) - Copper clawed higher on Thursday to just below the key $10,000 level, emboldened by promises from the U.S. central bank to keep stimulus taps flowing and interest rates low.
The U.S. Federal Reserve said on Wednesday it was too early to consider rolling back its emergency support amid the coronavirus pandemic.
Three-month copper on the London Metal Exchange had gained 1% to $9,977 a tonne by 0920 GMT, having risen to as high as $9,999.50 a tonne earlier in the session.
The last time copper rose above $10,000 was in February 2011, when it touched an all-time record of $10,190.
London copper prices were a hair's breadth away from the psychological level of $10,000 on Thursday, as a weaker U.S. dollar made the greenback-priced metal cheaper to holders of other currencies.