In a statement Credit Suisse said, its chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules. The development raises questions over the bank’s new lending strategy as it tries to recover from a string of scandals. Incidentally, Horta-Osorio became the… Read More ›
According to an internal memo from Citigroup, the bank has hired Dhiren Shah, a veteran tech banker, from Credit Suisse Group AG, as it doubles down on investing in its tech franchise. Shah’s departure from Credit Suisse marks the latest… Read More ›
The U.S. Department of Justice has begun an investigation on the collapse of Bill Hwang’s Archegos Capital Management, which cost large global banks more than $10 billion in losses. To this end, federal prosecutors in Manhattan have sent requests for… Read More ›
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