ru24.pro
News in English
Декабрь
2024

Swiss inquiry castigates failings of Credit Suisse oversight, but pins most blame on bosses

0
A Swiss parliamentary inquiry blamed Credit Suisse's collapse on mismanagement. Regulators faced criticism for secrecy and a chaotic response. The inquiry detailed the bank's final days and the government's rescue by UBS. Lawmakers called for stricter financial oversight and reforms. The government will use the findings to reshape the banking sector.