Credit Suisse chair resigns after Covid breaches

Only eight months in role

Antonio Horta-Osório, chairman of Credit Suisse, the global banking giant, has resigned with immediate effect after breaking Covid rules.

An internal investigation found that Horta-Osório had broken Covid quarantine rules twice. In one incident he reportedly attended the Wimbledon tennis finals when restrictions would have required him to quarantine.  This weekend Horta-Osório held discussions with the bank's board about his decision to quit, the Financial Times has reported. Horta-Osório has only been in the role for eight months and was previously chief executive of Lloyds Banking Group. He joined Credit Suisse after a series of scandals at the bank, including those involving Greensill Capital and revelations the comp...