Suisse
Swiss bank watchdog blundered on Credit Suisse, report finds
THE Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark enquiry into last year’s collapse of Credit Suisse.
Finma’s 2017 decision to grant Credit...
UBS acquitted over Credit Suisse criminal money laundering case
CREDIT Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of...
UBS puts 1.88 billion francs Credit Suisse real estate fund into liquidation
UBS has put a real estate fund of its former competitor Credit Suisse worth over US$2 billion into an “orderly liquidation” as at Thursday (Aug 15), the Swiss bank...
Ex-Mozambique minister guilty of fraud tied to Credit Suisse
MOZAMBIQUE’S former finance minister Manuel Chang was convicted of US charges that he was part of a US$2 billion bond fraud scandal that ensnared Credit Suisse Group AG and...
UBS completes merger of Swiss business with Credit Suisse
UBS has already begun to move over clients from Credit Suisse in Hong Kong and SingaporeSwiss bank UBS has completed the merger of its domestic unit with Credit Suisse’s...
Swiss financial regulations not yet tough enough post-Credit Suisse, central bank says
SWITZERLAND’S financial regulations need further strengthening following the takeover of Credit Suisse by UBS, the Swiss National Bank (SNB) said on Thursday (Jun 20), pressing for more to be...
Swiss regulator rules out UBS antitrust action over Credit Suisse deal
Switzerland’s financial regulator ruled on Wednesday (Jun 19) that the UBS takeover of Credit Suisse did not create any competition concerns, despite recommendations from the country’s antitrust watchdog that...
UBS taps China over Citadel Securities on Credit Suisse unit
UBS Group has entered final negotiations with a Beijing-backed fund over the sale of Credit Suisse’s money-losing China venture after talks with Citadel Securities stalled, according to people familiar...