Credit Suisse’s new chair has his work cut out dealing with crises
Antonio Horta-Osorio can shrink the balance sheet, sell parts of the business or merge with UBS Group
11 April 2021 - 18:42
Berlin/Singapore/London — The damage control at Credit Suisse Group from a pair of disasters that stunned the banking world will soon give way to the question of how the 165-year-old institution will rehabilitate its business and reputation.
A new chair, Lloyds Banking Group CEO Antonio Horta-Osorio, arrives in three weeks to begin the search for answers after the fiascoes involving Archegos Capital Management, a New York-based family office, and supply-chain lender Greensill Capital. These two incidents have already wiped out more than a year of profits...
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