C Suisse chairman to stand for re-election despite stock fall

Credit Suisse Canary Wharf

Credit Suisse Chairman Urs Rohner will stand for re-election at the bank’s annual general meeting even after the stock fell about 60% under his tenure.

“Rohner will stand for re-election,” Christoph Meier, a spokesman for the bank, said by phone on Sunday. The AGM is due to be held April 29 in Zurich.

Bloomberg News reports that Credit Suisse is under pressure from shareholders after a bigger-than-expected fourth-quarter loss. 

Credit Suisse is under pressure from shareholders after a bigger-than-expected fourth-quarter loss. The bank has seen about 30 percent of its market value wiped out this year as the lender restructures parts of its business. Rohner, 56, oversaw the transition last year to new CEO Tidjane Thiam

To access the complete Bloomberg News article hit the link below:

Credit Suisse Confirms Chairman Rohner to Stand for Re-Election

HSBC Says 'Cash Is King' 

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts