Reported about 23 hours ago
A forthcoming report detailing Swiss authorities' management of Credit Suisse's downfall is expected to influence regulatory measures concerning its new owner, UBS. Following Credit Suisse’s state-engineered rescue in March 2023 amid a series of scandals, a parliamentary committee was formed to assess the situation. Recommendations may include increased capital requirements for UBS and other major banks, although the report might not directly affect UBS. Analysts anticipate that the findings could shape public and political sentiment regarding banking oversight in Switzerland.
Source: YAHOO