Credit Suisse collapse sparks outrage in Swiss parliament.

The Swiss parliament held an extraordinary session to discuss the collapse of Credit Suisse and the failure of rules intended to prevent such a major bank from getting into trouble. Lawmakers criticized the government's decision to orchestrate the merger with UBS behind closed doors, cutting out parliament and presenting lawmakers with a fait accompli. Despite criticism, the upper chamber voted for the government guarantees provided as part of the deal, while the lower house voted against them. The government has stripped Credit Suisse's executive board of their 2022 and 2023 bonuses.