Swiss inquiry castigates failings of Credit Suisse oversight ...
2 days ago · The report also argued that financial incentives in the sector should not be skewed after noting that bonuses paid out to Credit Suisse's management between 2010 and 2022 exceeded the bank's 34 ...
Swiss Bank Watchdog Blundered on Credit Suisse, Report Finds
2 days ago · The Swiss parliament heavily criticized the previous leadership of Switzerland’s financial regulator Finma in a landmark inquiry into last year’s collapse of Credit Suisse. Finma’s 2017 ...
Parliamentary inquiry on Credit Suisse collapse blames ...
2 days ago · Credit Suisse's years of mismanagement were at the root of its downfall in March 2023, the parliamentary commission of inquiry concluded on Friday. ... This news story has been written and ...
Factbox-Swiss findings on the Credit Suisse collapse
2 days ago · ZURICH (Reuters) - Switzerland on Friday published a long-awaited parliamentary report into last year's collapse of Credit Suisse, an event that called into question the country's reputation for ...
UBS completes Credit Suisse takeover. Here’s what it means
Jun 12, 2023 · UBS has finalized its emergency takeover of fallen rival Credit Suisse, creating a giant Swiss bank with nearly $1.7 trillion in assets in the biggest banking tie-up since the 2008 global...
What Happened at Credit Suisse, and Why Did It Collapse?
Mar 28, 2023 · Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). Credit Suisse faced numerous scandals...
Live updates: Credit Suisse-UBS deal and global stock ... - CNN
Mar 20, 2023 · Credit Suisse, hobbled for decades by mismanagement, scandal and bad bets, finally succumbed to the emerging global banking crisis.
Live updates: Credit Suisse deal, global stock market news ...
Mar 16, 2023 · Shares in Credit Suisse surged on Thursday after it agreed to a $53 billion loan from the Swiss central bank. Troubles at Switzerland’s second-biggest lender have sparked fears that banking...
UBS to buy Credit Suisse for nearly $3.25B to calm turmoil
Swiss President Alain Berset said banking giant UBS is acquiring its smaller rival Credit Suisse for almost $3.25 billion in an effort to avoid further market-shaking turmoil in global banking.
Credit Suisse Collapse Probe Slams Banking Regulator
3 days ago · "Credit Suisse's long-term mismanagement is the cause of the crisis," a parliamentary commission of inquiry said, following an 18-month investigation raking over the dramatic March 2023 collapse ...