Credit Suisse’s Chief Executive Brady Dougan told a Swiss Sunday newspaper he has no plans to step down and his bank would not need a capital increase despite a $2.5 billion (1.48 billion pounds) deal with U.S. authorities over a tax dispute.
Swiss lawmakers have been among those calling for Dougan and other executives to resign to allow the bank to make a fresh start after its settlement with U.S. authorities over charges it helped Americans to evade taxes.
Asked in an interview with Sonntagsblick if he had thought about leaving the bank, Dougan said: “No. I have been working nearly 25 years for this bank, I’m committed to Credit Suisse, its customers, its staff, its shareholders.”
Source: Reuters
