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Credit Suisse’s New Chairman Pledges Humility After Scandal Year

Axel Lehmann
Axel LehmannPhotographer: Krisztian Bocsi/Bloomberg

New Credit Suisse Group AG Chairman Axel Lehmann used one of his first public appearances to pledge a more humble approach to fixing the ailing Swiss lender.  

The Zurich-based bank does not need “grandiose announcements and promises but humility and consistent execution,” Lehmann said, addressing shareholders at the bank’s annual general meeting Friday. “What our bank needs right now is not grand words and declarations.”