Credit Suisse Group AG said Friday that its chairman of the risk committee won't stand for re-election at the bank's shareholders meeting.
Andreas Gottschling was facing criticism after a $5.5 billion loss from hedge-fund Archegos Capital Management. Norges Bank Investment Management, which has a stake of around 3% in the bank, said it would vote against his reappointment.
More losses from margin calls to follow! Per Michael Burry, we are at the top of the biggest StockMarket bubble about to POP, leading to hyperinflation!!! Margin MarginDebt Archegos
⚠️ Owned by Hedge Funds don't Believe a thing they say want evidence read on and many more articles available ⚠️
lol, to exit?, he should be thrown in jail for bypassing all the cross checks that would have avoided this fiasco, pure greed
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