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Credit Suisse Faces Fresh China Setback After Executive Exodus

  • Bank said to lose three top executives in recent months
  • Regulator may delay business approvals on personnel changes

Credit Suisse Group AG is facing a further delay in getting approvals for some of its China operations after a flurry of senior management departures, according to people familiar with the matter.

The Swiss bank lost nearly half of the senior personnel management at its China securities ventures in recent months, including Chief Financial Officer Annie Qiu, compliance head Xu Yang, and Chief Information Officer Larry Tung, the people said, asking not to be identified discussing a private matter.