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Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers

Credit Suisse scandals prompt Switzerland to punish bankers Published: 8:02 PM, May 28, 2021 Switzerland's national flag flies above the logo of Swiss bank Credit Suisse at its headquarters in Zurich. - Reuters File Photo SHARE FRANKFURT: Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse's heavy losses from the collapse of family office Archegos and the decimation of billions of client investments backed by insolvent British finan...

There is nothing that indicates that Credit Suisse will reimburse Greensill clients although its new chairman António Horta-Osório once made a highly controversial decision in a similar situation.

Swiss lawmakers are about to debate Credit Suisse’s troubles, adding to Chairman António Horta-Osório's list of woes.

A report by the Swiss financial regulator FINMA claims that Credit Suisse ignored over 100 warnings of potential breach of regulations.Swissinfo quoted that the NZZ am Sonntag paper as reporting that the management of Credit Suisse had ...