The chairman of global banking giant Credit Suisse has resigned with effective immediately after an internal company probe
Antonio Horta-Osorio was reportedly found to have broken the UK’s COVID quarantine rules.
Horta-Osorio was the former boss of Lloyds Banking Group joined Credit Suisse after a series of scandals at the Swiss bank.
Mr Horta-Osorio, who was the chairman of Credit Suisse for less than a year, has been replaced by board member Axel Lehmann.
“I regret that a number of my personal actions have led to difficulties for the bank and compromised my ability to represent the bank internally and externally,” Horta-Osorio said in a statement issued by the bank.
“I therefore believe that my resignation is in the interest of the bank and its stakeholders at this crucial time,” he added.
Last month, Ticker News partner news network, Reuters reported that a preliminary investigation by Credit Suisse had found that Mr Horta-Osorio had breached COVID rules.
He reportedly attended the Wimbledon tennis finals in July at a time when the UK’s Covid-19 rules required him to be in quarantine.
Apple delays return to the office as COVID rates spike
Apple has delayed its staff from returning to HQ on a full-time basis
Apple has delayed its workers from returning to the office full time.
Employees who are in the current working in the office two-day-per-week as part of a trial programme will have the option to once again work fully remote if they feel uncomfortable coming into the office.
According to news outlet The Verge, a memo released by Apple’s COVID-19 response team says that its updates are based on current infection rates and hospitalisations.
Apple is also requesting employees who do decide to return to the office to wear masks when in common areas like meeting rooms, hallways, and elevators.
New findings revealed about shocking China plane crash
New shocking information has been revealed about the China Eastern Airlines plane that crashed in March
The incident that killed 132 people was intentionally flown into the mountainside according to reports.
U.S. officials examined the plane’s black box, uncovering that people within the cockpit deliberately caused the Boeing 737 to veer out of control.
The plane was flying on-route at a normal altitude and speed before it nosedived into a mountain.
Initially experts speculated that the crash was caused by faults in the plane design, which is what caused two other fatal plane crashes in 2018 and 2019, but no officials have indicated any mechanical issues.
The pilot and co-pilot were allegedly in good health with no known motive for crashing the plane.
Chinese authorities say that no emergency code was sent from the plane, meaning it is unlikely that an intruder entered the cockpit.
Snapchat co-creator and supermodel pay student loans for graduating class
Student loans still get the better of most of us, a pesky debt that hurts the hip pocket
But one graduating class got the ultimate graduation gift
Otis College of Art and Design in Downtown LA got their student loans paid by off by Snapchat co-creator Evan Spiegel and his wife and supermodel Miranda Kerr.
The president of the art college announced the gift as the single largest donation in the history of Otis College.
The previous largest gift to the school was for $10 million and the screams from the students show how much it means to them.
The president says student debt weights heavily on talented graduates and the couple’s donation will be life-changing for the Class of 2022.
Spiegel created the popular instant messaging app with two former Stanford University classmates.
The snapchat co-creator took summer classes at Otis during high school and wanted to give back to the arts college.
Spiegel and wife Miranda were given honorary degrees at the college.
Cody Simpson eyes off Commonwealth Games spot
Authorities find drug-smuggler’s tunnel under the U.S. and Mexico border
Finland and Sweden submit applications to join NATO
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