Credit Suisses group chief executive officer, Thomas Gottstein, said on Tuesday that the bank would learn serious lessons from losses incurred at Archegos as well as the liquidation of its supply-chain finance funds as he warned investors of a CHF4.4 billion ($6.15 billion) charge and confirmed the departure of the banks chief risk officer, dual US-Australian citizen Lara Warner.
OneSteel Manufacturing operates the Whyalla steelworks that employs about 1500 people and is the lifeblood of the regional town in South Australia of 22,000 people, which is about 380km north of Adelaide.
Hailed as a saviour
The steelworks was acquired by Mr Gupta in mid-2017 when the British billionaire was hailed as a saviour for rescuing the collapsed Arrium…
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