European markets close higher; Credit Suisse slips 2% as chairman resigns 
European stocks closed higher on Monday as investors digested a string of corporate news and the latest growth data out of China. 
The pan-European Stoxx 600 provisionally ended the session up by 0.8%, with media stocks climbing 1.9% to lead the gains with most sectors and major bourses in positive territory. 
Credit Suisse became embroiled in yet another scandal as its chairman, Antonio Horta-Osorio, resigned after breaking coronavirus quarantine rules. Horta-Osorio had been tasked with overseeing the bank’s new strategy following a string of issues, including the meltdown of U.S. family hedge fund Archegos Capital and the collapse of British supply chain finance firm Greensill Capital. 
Numbers from China’s National Bureau of Statistics showed the Chinese economy grew by 8.1% in 2021, slightly below the market’s expectation for around 8.4% growth for the year. In the fourth quarter, China’s GDP rose 4% from a year ago, topping a Reuters poll that predicted a 3.6% increase. 
Source: CNBC, Investing.com