The Norwegian wealth fund, Norges Bank Investment Management, revealed that it plans to vote against the re-election of Credit Suisse Chair Axel Lehmann and six other directors at the bank’s annual general meeting.<\/p>\n

This move comes in the wake of Credit Suisse’s recent acquisition by UBS. The $3.23 billion deal was orchestrated to prevent the bank’s collapse and subsequent contagion throughout the global financial system.<\/p>\n

Norges Bank Investment Management stated on its website, “Shareholders should have the right to seek changes to the board when it does not act in their best interest.”<\/p>\n

In addition to Lehmann, Norges is also opposing the re-election of Credit Suisse directors Iris Bohnet, Christian Gellerstad, Shan Li, Seraina Macia, Richard Meddings, and Ana Pessoa. Neither Credit Suisse nor UBS has commented on the matter.<\/p>\n

Reporting by Jyoti Narayan; Additional reporting by Lavanya Ahire; Editing by David Goodman<\/p>\n

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<\/a><\/p>\n<\/div>\n

This week has been filled with major headlines in the U.S. and around the world.<\/p>\n<\/div>\n

While the 2022 midterms have just concluded, the 2024 election cycle is weighing on everyone’s minds.<\/p>\n<\/div>\n

According to South Carolina Congressman Ralph Norman, Manhattan District Attorney Alvin Bragg and his indictment of the 45th President will likely be subjects of scrutiny by congressional investigative committees.<\/p>\n<\/div>\n

OAN Newsroom UPDATED 4:20 PM \u2013 Friday, March 31, 2023 Is the America we once knew changing? And what is happening to our\u2026<\/p>\n<\/div>\n

By Foo Yun Chee… (This March 31 story has been corrected to say car data ownership not clearly defined in EU law)<\/p>\n<\/div>\n

Four artificial intelligence experts express concern after their work was cited in an open letter<\/p>\n<\/div>\n

Apple Inc convinces U.S. appeals court to throw out a $502 million verdict<\/p>\n<\/div>\n

OpenAI takes ChatGPT offline in Italy due to the government’s Data Protection Authority<\/p>\n<\/div>\n

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