Credit Suisse Chairman Resigns After Investigation Into Alleged COVID-19 Breaches

A sign of Swiss banking Credit Suisse is seen on a branch in Lausanne, Switzerland, on April 6, 2021. Fabrice Coffrini/AFP via Getty Images

Credit Suisse Group AG chairman Antonio Horta-Osorio has resigned “effective immediately” following reports that he broke COVID-19 quarantine rules.

Horta-Osorio, who joined the bank in April from Britain’s Lloyds resigned following an investigation commissioned by the bank’s board.