April 26, 2017 / 3:56 PM / 9 months ago

Credit Suisse chairman says has shareholder backing - report

ZURICH, April 26 (Reuters) - Credit Suisse Chairman Urs Rohner believes he has the support of most shareholders, he was quoted as saying on Wednesday ahead of what is expected to be a stormy annual shareholders meeting on Friday.

“Based on various conversations with many shareholders I assume I am supported by the majority,” Rohner was quoted as saying on Bilanz magazine’s website.

“For me it would be a signal if I would hear from really significant shareholders that they are not satisfied with my strategic direction. I have not to date heard this, never.”

Rohner was speaking after Switzerland’s second-biggest lender, which has faced criticism over management bonuses despite consecutive annual losses, dropped plans for listing its Swiss unit and instead announced a $4 billion rights issue. (Reporting by Michael Shields; editing by Alexander Smith)

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