[ad_1]
Swiss financial regulator Finma has called for wider-ranging powers in a report on the near-collapse of Credit Suisse this year.
UBS took over 167-year-old Credit Suisse in March, following years of risk management failures and scandals that had resulted in a bank run that threatened its failure.
On December 19, Finma published a detailed account of the events that led up to the global systemically important bank’s takeover and called for more powers. Credit Suisse was the first systemically
[ad_2]
Source link