Get all your news in one place.
100's of premium titles.
One app.
Start reading
The Times of India
The Times of India
Business
Bloomberg

Credit Suisse chairman ‘truly sorry’ for failure to stem crisis

ZURICH: Credit Suisse Group AG Chairman Axel Lehmann apologized to shareholders for failing to stem a loss of trust in the bank that he said had built up well before he took over.

“We failed to stem the impact of legacy scandals, and counter negative headlines with positive facts,” Lehmann said in remarks prepared for the bank’s annual shareholder meeting in Zurich. In the end, “the bank could not be saved.”

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.