Credit Suisse chairman to be rebuked by board over COVID-19 rule breach - paper

Credit Suisse Chairman Antonio Horta-Osorio is likely to be rebuked by the bank's board after an internal investigation found he breached COVID-19 rules a second time, Tages-Anzeiger newspaper reported on Saturday.

Horta-Osorio will not be removed, but will likely be rebuked in the coming weeks, Tages-Anzeiger said, citing informed sources.

Horta-Osorio faces growing pressure within Switzerland over the incidents, while staff in London and New York are also upset about his conduct, the paper added.Reporting by John Revill; Editing by Pravin CharSubscribe for our daily curated newsletter to receive the latest exclusive Reuters coverage delivered to your inbox.

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