Markets
Credit Suisse board member quits after Archegos fiasco: bank
- The Swiss bank said in a brief statement that Andreas Gottschling, the head of the board's risk committee, would not seek re-election at a general assembly.
1 min
By
ZURICH: Credit Suisse announced Friday that one of its board members would not seek re-election after shareholders said he should step aside following major losses linked to the collapses of the Greensill and Archegos financial firms.
The Swiss bank said in a brief statement that Andreas Gottschling, the head of the board's risk committee, would not seek re-election at a general assembly.