CreditSuisse

Regulatory Missteps Uncovered in Credit Suisse Investigation: Swiss Authority Under Fire

3 days ago

The Swiss Financial Market Supervisory Authority (FINMA) has recently come under intense scrutiny following a damning report by the Swiss Federal Audit Office (SFAO), which uncovered serious flaws in the regulator's handling of the investigation into Credit Suisse. The findings reveal a series of blunders that not only hindered effective oversight but also compounded the difficulties faced by the troubled bank during a tumultuous period leading up to its historic merger with UBS in 2023.

Swiss Investigation on Credit Suisse Intensifies as UBS Faces Financial Stakes

14 days ago

In a significant development within the Swiss financial landscape, investigations into the practices of Credit Suisse are entering a crucial phase. The scrutiny comes at a time when UBS, the country's largest bank, is closely watching as potential financial repercussions loom. The ongoing probe is primarily focused on compliance issues and potential breaches of regulations that could heavily impact UBS's capital reserves.

UBS's Future Vision: Ermotti Discusses Strategy Post-Credit Suisse Merger

2 months ago

In a recent conversation, UBS CEO Sergio Ermotti shed light on the bank's strategic initiatives following its high-profile merger with Credit Suisse. The CEO emphasized that UBS is at a critical juncture, contemplating its next steps as it integrates its operations with those of the now-defunct Credit Suisse.

UBS Ordered to Revise Emergency Protocols Following Takeover, Says FINMA

2 months ago

In a significant regulatory move, UBS Group AG has been instructed by Switzerland's financial watchdog, the Financial Market Supervisory Authority (FINMA), to revisit and update its emergency plans in light of its recent acquisition of Credit Suisse. This directive underscores the complexities and risks associated with the merger, which aimed to stabilize one of Europe’s largest banks amid a turbulent financial backdrop.

Wall Street's New Favorite: Credit Suisse's Debt Swaps Spark Interest

2 months ago

In a surprising twist in the financial world, Credit Suisse has unveiled a series of innovative debt swaps that have captured the attention of major Wall Street investors. These instruments, designed to mitigate risk and provide liquidity, are quickly gaining traction among a variety of financial institutions seeking to optimize their portfolios in an evolving market landscape.