Reported 16 days ago
The Swiss financial regulator, FINMA, has initiated an audit into Credit Suisse's management during the 15 months leading up to its 2023 acquisition by UBS. The investigation will examine potential mismanagement and liquidity issues, with the goal of understanding when it became clear that Credit Suisse could not be saved. Interviews with current and former employees have begun as part of this review, which follows previous discussions about stronger oversight of banks.
Source: YAHOO