Credit Suisse Chairman Horta-Osorio Buys $1.2 Million in Stock
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Credit Suisse Group AG Chairman Antonio-Horta Osorio bought 1.1 million francs ($1.2 million) of shares in a sign of confidence he can turn the bank around from one of the most turbulent periods in its history.
An undisclosed board member bought the stock, according to a Swiss stock exchange filing dated May 3. A spokesperson for the bank confirmed Horta-Osorio had made the purchase. The amount is equivalent to just under a quarter of his expected annual compensation.