tldrdailynews.com logo

Swiss regulator considers disciplinary action against Credit Suisse.

1 min read
Source: Reuters
Swiss regulator considers disciplinary action against Credit Suisse.
Photo: Reuters
TL;DR

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.

Topics:businessfinance#credit-suisse#disciplinary-action#finance#financial-stability#swiss-regulator#ubs
Share this article
  1. Credit Suisse could face disciplinary action, Swiss regulator says  Reuters
  2. Credit Suisse Faces Possible Disciplinary Proceedings: Finma  Bloomberg
  3. Papers warn on UBS takeover of Credit Suisse  SWI swissinfo.ch in English
  4. Credit Suisse faces possible disciplinary proceedings: FINMA - The Hindu BusinessLine  BusinessLine

Want the full story? Read the original reporting

Read on Reuters