April 26, 2017 / 3:58 PM / 8 months ago

Credit Suisse chairman says has shareholder backing - report

ZURICH (Reuters) - Credit Suisse (CSGN.S) 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.

Credit Suisse's chairman Urs Rohner attends the 2016 Institute of International Finance (IIF) Spring Membership meeting in Madrid, Spain, May 24, 2016. REUTERS/Susana Vera

“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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