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Credit Suisse s Lack of Adult Supervision
As
Urs Rohner wraps his ten-year tenure of the Zurich-based bank, he was blasted as being «more than asleep at the wheel» by Credit Suisse s second-largest shareholder, Harris Associates
Dave Herro, in the «Financial Times». The «nonsense and poor oversight» are due to end when Rohner hands over to
António Horta-Osório on Friday.
The Swiss lawyer is leaving in ignominy: Credit Suisse tapped shareholders four times in nine years, held fast to investment banking risk-taking despite several huge accidents, pleaded guilty to conspiracy in the U.S. after retreating from the offshore market more slowly than rival private banks, and is currently being roiled by $4.7 billion in losses from Archegos as well as a $10.1 billion line of supply chain funds with collapsed Greensill.
As reported by
The MA’s sister title
MCA Insight, Hickory’s Smokehouse has added a former Marston’s pub in Nuthall, Nottinghamshire to its growing stable.
The Piper-backed group has taken the lease for the Oldmoor Lodge, continuing its tradition of taking former pub sites in the heart of local communities.
The property, Hickory’s 13
th, will undergo a wholesale revamp which will see the introduction of outdoor dining sheds, barbecue smokers, a fire pit and landscaped gardens.
Hickory’s reopened the outside areas at all of its 11 sites last week, which it said have already been “hugely popular”, according to MCA.