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%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

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

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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.
Källa: City_Press - 🏆 7. / 72 Läs mer »