Stock Market News
Credit Suisse chair backs CEO Gottstein, says no talks on replacement
2022.05.23 13:17
FILE PHOTO: Logo of Swiss bank Credit Suisse is seen at a branch office in Bern, Switzerland May 2, 2022. REUTERS/Arnd Wiegmann
ZURICH (Reuters) – Credit Suisse Chairman Axel Lehmann reiterated 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, Lehmann told CNBC on Monday.
“I fully back him because he is good,” Lehmann said, 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 him, Lehmann said: “I know that has not taken place, so it is wrong.”
