So CS just appointed one of the Lehmann brothers as Chairman, since their prior head had followed too closely in the footsteps of Cummings and Johnson. Very regretfully, of course. They did stop short of offering thoughts and prayers, though.
details, please ?
From Bloomberg: “Credit Suisse Group AG’s Chairman Antonio Horta-Osorio resigned after just nine months in the role, following a series of missteps including reported breaches of Swiss and U.K. quarantine rules that eroded confidence in his leadership.
His departure follows an investigation commissioned by the board, Zurich-based Credit Suisse said in a statement Monday. The bank named board member Axel P. Lehmann as Horta-Osorio’s replacement, effective immediately.”