Credit Suisse's Demise Sparks Swiss Outrage

Credit Suisse held its final annual general meeting before being rescued by UBS, with shareholders expressing anger and disappointment at the bank's demise. The rescue deal, which was agreed without a shareholder vote, valued Credit Suisse's shares at a mere SFr0.76 ($0.84). The bank's dividend was scrapped, and five members of the board did not seek re-election. Swiss owners represent 87% of Credit Suisse's total, and many are furious at the death of the 167-year-old institution.