Credit Suisse must work to regain shareholder trust, chair says

ZURICH (Reuters) – Credit Suisse must work to regain shareholders’ and clients’ trust, Axel Lehmann, addressing the Swiss bank’s shareholders as chairman for the first time, said on Friday.

Lehmann, appointed to the role in January following the abrupt departure of his predecessor, told investors at the beleaguered bank’s virtual annual general meeting:

“We have a clear plan to return to profitable growth and to deliver the success that people expect from us. The major challenge we face is to steadily work towards our objectives with great determination and consistency – and in doing so, to win back the trust of clients, employees, regulators and investors and preserve that trust over the long term.”

(Reporting by Brenna Hughes Neghaiwi; Editing by Michael Shields)