Powered by

CREDIT SUISSE CHIEF SORRY FOR HEAVY LOSSES

May 01, 2021 - The Daily Mail and Mail on Sunday (London)

CREDIT Suisse's departing chairman issued a rare apology as he signed off at the scandal-stricken bank.

Urs Rohner, who has overseen a string of disasters at the Swiss lender in recent months, handed over to former Lloyds Bank boss Antonio Horta-Osorio yesterday.

Speaking at the annual general meeting, Rohner (pictured) offered a mea culpa for presiding over the Archegos Capital implosion and the Greensill Capital disaster - which have both blown a hole in Credit Suisse's finances.

He said: The inexcusable losses that we have had to inform you about in recent weeks have cast a shadow over all the other strategic and operating developments in our company in the last y...