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Swiss bank faces shareholder wrath ...News
The boss of Credit Suisse has said he is ‘truly sorry’ about the collapse of the 167-year-old firm Credit Suisse Chairman Axel Lehmann apologized to shareholders on Tuesday for failing to contain the crisis which led to the lender’s downfall. The ailing Swiss banking giant was taken over by rival UBS last month. In an emotional speech at Credit Suisse’s last annual general meeting, Lehmann said he had run out of time to turn the bank around, despite his belief “until the beginning of the fateful week” that it could survive. “It is a sad day. For all of you, and us. The bitterness, anger, and shock of all those who
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