Credit Suisse chairman resigns over COVID violations

Antonio Horta-Osorio, chairman of the board of Switzerland's second-largest financial holding Credit Suisse, has resigned following an internal investigation commissioned by the board of directors, the company said in a release. He has been in this position for less than a year.

“I regret that a number of my actions led to difficulties for the bank and compromised my ability to represent the organization <...>. Therefore, I believe that my resignation is in the interests of the bank and its shareholders at this critical time,” Horta-Osorio said in the message.

At the end of 2021, Reuters wrote that Horta-Osorio violated anti-coronavirus measures twice: in July in the UK and in November in Switzerland.

The agency, citing sources, claimed that a preliminary investigation conducted within the holding revealed that Horta-Osorio was present at the Wimbledon final in July during a visit to the UK, while the country's rules required him to be in quarantine at that time.