ZURICH, April 4 — Credit Suisse shareholders will get their first chance to voice their frustrations at the beleaguered bank’s takeover by UBS, at its annual general meeting...
ZURICH, April 4 — Credit Suisse shareholders will get their first chance to voice their frustrations at the beleaguered bank’s takeover by UBS, at its annual general meeting in a Zurich concert venue tomorrow.
More than 2,000 shareholders are expected to attend, way up on the usual turnout of around 1,300, said the Swiss newspaperIt is the first Credit Suisse AGM where shareholders can attend in person since the start of the pandemic—and possibly the last, given the forthcoming merger. “Now that Credit Suisse has definitively lost the confidence of the markets... all that remains is to hope the integration of Credit Suisse into UBS will be done in a responsible manner,” it said.
Despite the central bank, known as the Swiss National Bank , offering a $54-billion lifeline, shares closed at 1.86 francs on March 17. Axel Lehmann was brought in as Credit Suisse chairman in January 2022 to try to turn the bank around.
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