C Suisse CEO says he won't step down

Credit Suisse Canary Wharf

Credit Suisse's CEO Brady Dougan told a Swiss Sunday newspaper he has no plans to step down and his bank would not need a capital increase despite a $2.5bn deal with U.S. authorities over a tax dispute.

Reuters reports that Swiss lawmakers have been among those calling for Dougan and other executives to resign to allow the bank to make a fresh start after its settlement with U.S. authorities over charges it helped Americans to evade taxes.

Asked in an interview with Sonntagsblick if he had thought about leaving the bank, Dougan said: 'No. I have been working nearly 25 years for this bank, I'm committed to Credit Suisse, its customers, its staff, its shareholders'.

To access the complete Reuters article hit the link below:

Credit Suisse chief executive says no plans to quit

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