Credit Suisse Executives Under Scrutiny for Serial Miscues

Credit Suisse Group AG is still tallying the losses from its relationship to Lex Greensill and Bill Hwang’s Archegos Capital Management. But attention is likely to soon turn to accountability for a management team stung by serial fiascos.

The bank has reactivated a special crisis committee -- led by Chairman Urs Rohner and the heads of the audit and risk committees -- to oversee the issues surrounding Credit Suisse’s dealings with Greensill’s short-term finance shop. It also replaced asset-management head Eric Varvel and suspended bonuses for senior executives amid the Greensill fallout, which is likely to be a fraction of the expected Archegos hit.

Read more: How Credit Suisse is bracing for a stunning losses likely to run into the billions