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Horta-Osorio's broken promise the final straw at embittered Credit Suisse

By Oliver Hirt, Sumeet Chatterjee and John O'Donnell ZURICH/FRANKFURT/HONG KONG (Reuters) - After taking over as chairman of Credit Suisse, Antonio Ho. ....

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Horta-Osorio's broken promise the final straw at embittered Credit Suisse

By Oliver Hirt, Sumeet Chatterjee and John O Donnell ....

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Factbox: Spies, lies and losses: Credit Suisse's scandals

Credit Suisse will pare back its investment bank and focus on building its wealthy client base, the Swiss bank said on Thursday, as it regroups following a string of scandals. ....

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Credit Suisse takes US$4.7b hit

Credit Suisse takes US$4.7b hit
archive.shine.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.shine.cn Daily Mail and Mail on Sunday newspapers.

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Credit Suisse overhauls as it takes $4.7b hit on Archegos

Credit Suisse overhauls as it takes $4.7b hit on Archegos
an hour ago
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Credit Suisse said on Tuesday it will take a 4.4 billion Swiss franc ($4.7 billion) hit from dealings with Archegos Capital Management, prompting it to overhaul the leadership of its investment bank and risk divisions.
The scandal-hit bank now expects to post a loss for the first quarter of around 900 million Swiss francs. It is also suspending its share buyback plans and cutting its dividend by two thirds.
Switzerland’s No. 2 bank, which has dumped over $2 billion worth of stock to end exposure to the New York investment fund run by former Tiger Asia manager Bill Hwang, said Chief Risk and Compliance Officer Lara Warner and investment banking head Brian Chin were stepping down following the losses. ....

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