Credit Suisse inquiry blasts oversight failings, blames bosses
18 Articles
18 Articles
Credit Suisse’s bailout “avoided a global financial crisis,” concludes the Swiss Parliament’s investigation
The Swiss financial market supervisor was ineffective in his management of the Credit Suisse scandal , an entity that last year collapsed and had to be rescued by its direct rival, UBS, after the mismanagement of its management team. This is the main conclusion of the eighteen-month investigation carried out by the parliament of Switzerland. Despite this, the commission of inquiry claims that it did not find evidence that the implosion of Credit…
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