Credit Suisse chair says sorry to angry shareholders at final meeting

showed angry investors and climate protesters gathering at the bank's last-ever shareholder meeting, which took place at Zürich's hockey arena.

Some carried a boat labeled"Crisis Suisse" in a final jab at the bank's mismanagement, according to a report by theAfter a string of scandals, which included being found guilty of laundering drug money and taking huge hits from the collapse of clients Greensill Capital and Archegos Capital Management, Credit Suisse's share price crashed last month afterin the US fueled concerns about the health of financial institutions across the world.

It was then rescued by UBS in a government-backed deal that valued the bank at just 3 billion Swiss francs – which equated to just 1% of the all-time high market capitalization it had reached back in 2007. Credit Suisse shareholders were unable to vote on the takeover because the Swiss government pushed it through using emergency measures in a bid to prevent the spread of further contagion across markets.

Many investors and proxy advisers have signaled that they'll show their opposition to the proposed deal by voting against several members of Credit Suisse's board, including its chair Lehmann – although five directors have already chosen to stand down rather than campaign for re-election.

Yes, he said, But I’ll keep the five homes and yachts! 🤣

lollllllll what a weakling

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