News Formal

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

  • 📰 News24
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Personal Finance | Does it make sense to use my bond to pay for my car? | City PressAny loan provider that asks you for payment upfront is a scam. A quick check on the National Credit Regulator (NCR) website showed that no company by the name of Loan Logics Limited is registered with the agency.
Source: City_Press - 🏆 7. / 72 Read more »