Archegos revisited: the gaps in Credit Suisse’s story
Ahead of shareholder vote, former execs point to gaps in key report – raising new questions about accountability
At its annual general meeting on April 29, Credit Suisse’s board of directors and senior management will ask shareholders to absolve them of blame for the litany of risk failures that led to losses totalling almost $8 billion over the past two years. The motion has rankled shareholders, and proxy firms are advising they vote against it unless the bank releases a report on the Greensill scandal. Now, former executives of the bank say the official account of the biggest of its recent losses – the
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