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Reuters The role of Brian Chin, CEO of its investment bank, is also reportedly under scrutiny. Credit Suisse has been involved in both the Archegos and Greensill crashes. Leaders at Switzerland-based Credit Suisse are discussing replacing chief risk officer Lara Warner, after the bank was caught up in several high-profile incidents, leading to large potential losses, Bloomberg reported. The outlet cited people briefed on the matter. Despite chief executive officer Thomas Gottstein s commitment to a clean slate in 2021, after a previous spying scandal at the bank, Credit Suisse has been one of the worst-performing major bank stocks in 2021. The recent collapse of Greensill, along with chaos at Archegos, has potentially left investors facing another quarter of losses. ....
GM The base model of the SUV will cost around $80,000. The company had already announced its upcoming EV Hummer pickup, which is due in the fall. General Motors has doubled up on its electric vehicle (EV) offering with an announcement on Saturday of its second all-electric Hummers. GM already announced its upcoming EV Hummer pickup, which is scheduled to go on sale this fall its first model of the American classic in 11 years. Hummer is the latest brand to jump on the electrification bandwagon, with Volkswagen also gearing up to take on Tesla with its Mission T project. Herbert Diess, Volkswagen s CEO, has committed to offering a fully electric vehicle for each of its stable of brands, including Audi, Bentley, and Porsche, by 2025. ....