Credit Suisse Chairman Lehmann Buys $1 Million Worth of Stock

Credit Suisse Group AG’s chairman Axel Lehmann bought about 1 million Swiss francs ($1 million) worth of shares in the group following the bank’s restructuring announcement last week.

A Swiss regulatory filing showed an unidentified member of the bank’s board of directors making the purchase. The chairman bought the stock in a sign of confidence that the bank will deliver on its strategy, according to a person familiar with the matter.

Credit Suisse on Thursday unveiled a major restructuring plan in an effort to recover from a run of heavy losses. The bank is seeking to raise 4 billion ...