News Snapshot:
Credit Suisse Chairman Antonio Horta-Osorio has quit following an internal probe into his personal conduct, including breaches of Covid-19 rules, raising questions over the embattled lender’s new strategy as it tries to recover from a string of scandals. This comes less than a year after Horta-Osorio was hired to help the bank deal with the implosion of collapsed investment firm Archegos and the insolvency of British supply chain finance company Greenshill Capital, even as it was still reeling from the 2020 exit of CEO Tidjane Thiam over a spying scandal. Combined, these triggered multibillion dollar losses and sackings at Switzerland’s...
