scandal

Trading update does little to answer concerns around underlying performance and a slowdown in wealth management. Zurich:  On Tuesday morning, Credit Suisse released what is now called a trading update, ahead of fourth-quarter 2021 results due on February 10. Euromoney remembers when these unscheduled partial disclosures were called profit warnings and usually prepared the stock […]

Antonio Horta-Osorio’s resignation was effective immediately following an investigation commissioned by the board, Switzerland’s second-largest bank said in a statement released Monday. Zurich:  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. Antonio Horta-Osorio’s resignation was […]