Credit Suisse Group AG (CSGN.SW)
- Barrons.com
Wells Fargo Ordered to Pay Advisor Nearly $1 Million for Its Role in Credit Suisse Deferred-Comp Spat
An arbitration panel sided with an advisor who claimed that Wells Fargo aided Credit Suisse's scheme to “steal” advisors’ deferred compensation as part of a complicated recruiting arrangement.
- Fortune
Credit Suisse CEO calls a complete return to office ‘unrealistic,’ joining other European banks in embracing remote work
European banks are embracing greater flexibility even as their U.S. counterparts try to get workers back to the office.
- Reuters
UPDATE 1-Credit Suisse chair backs CEO Gottstein, says no talks on replacement
Credit Suisse Chairman Axel Lehmann reiterated on Monday his support for Chief Executive Thomas Gottstein amid investor unrest over whether he is the right man for the job at Switzerland's second-biggest bank. "I fully back him because he is good," Lehmann said in an interview with broadcaster CNBC at the World Economic Forum annual meeting in Davos, dismissing as "rumours and speculations" talk that Gottstein could be on his way out. Asked specifically about a report that talks had taken place on replacing Gottstein, Lehmann said: "I know that has not taken place, so it is wrong."
