Credit Suisse could face disciplinary action, Swiss regulator says | Business

📆 27/3/2023 5:30 AM
📰 News24

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Swiss financial regulator FINMA said it was considering whether to take disciplinary action against Credit Suisse managers after Switzerland's second largest bank had to be rescued last week by UBS. | News24_Business

FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag it was"still open" whether new proceedings would be started, but the regulator's main focus was on"the transitional phase of integration" and"preserving financial stability".

Credit Suisse on Sunday declined to comment on the FINMA President's comments when asked by Reuters for a response. CS had a cultural problem that translated into a lack of responsibilities...Numerous mistakes were made over several years

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_Business Disciplinary action? Should be in jail. Make money with other peoples' money with ZERO oversight, without risk or repercussions.

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