Swiss regulator considers disciplinary action against Credit Suisse.
TL;DR Summary
Swiss financial regulator FINMA is considering whether to take disciplinary action against Credit Suisse managers after the bank had to be rescued by UBS. FINMA had conducted six public "enforcement proceedings" against Credit Suisse in recent years. The regulator's main focus is on "the transitional phase of integration" and "preserving financial stability". Credit Suisse declined to comment on the FINMA President's comments.
- Credit Suisse could face disciplinary action, Swiss regulator says Reuters
- Credit Suisse Faces Possible Disciplinary Proceedings: Finma Bloomberg
- Papers warn on UBS takeover of Credit Suisse SWI swissinfo.ch in English
- Credit Suisse faces possible disciplinary proceedings: FINMA - The Hindu BusinessLine BusinessLine
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