What Switzerland should have done to save Credit Suisse
4 days, 1 hour ago

What Switzerland should have done to save Credit Suisse

Live Mint  

Switzerland might have averted the collapse of Credit Suisse, its second largest bank, if the country’s financial regulator took a harder line overseeing it and enforcing capital rules, a parliamentary report found Friday. UBS said Friday it didn’t receive regulatory concessions like Credit Suisse did, and now holds additional capital since the merger. The parliamentary report traced Credit Suisse’s problems back to the years after the 2008 financial crisis when Switzerland introduced and added to rules to make its banks sounder. Credit Suisse grew from being one of Switzerland’s most-revered banks, founded by a national hero in 1856, into a global behemoth, crafting complex deals and investments for companies and the world’s wealthy.

History of this topic

UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead
7 months, 2 weeks ago
Switzerland lays out new ‘too big to fail’ rules in wake of Credit Suisse banking turmoil last year
8 months, 2 weeks ago
Swiss bank UBS reports pretax loss in 4Q, plans share buybacks after Credit Suisse deal wraps up
10 months, 2 weeks ago
Swiss financial regulator gets a new leader as UBS-Credit Suisse merger sparks calls for reform
10 months, 4 weeks ago
Credit Suisse crisis: UBS Chairman points at failure of board, management
11 months, 1 week ago
How did Credit Suisse collapse?
1 year ago
Behind Credit Suisse’s Fall: A Chairman’s Lasting Mark on the Culture
1 year ago
UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts
1 year, 3 months ago
UBS Credit Suisse merger: UBS to fire hundreds of Credit Suisse bankers — report
1 year, 4 months ago
Credit Suisse-Archegos mess: UBS slapped with $400 million fine
1 year, 4 months ago
UBS to cut more than half of workforce at Credit Suisse: Report
1 year, 5 months ago
Swiss central bank urges review of 'too big to fail' bank safeguards after Credit Suisse debacle
1 year, 6 months ago
Swiss central bank urges review of ‘too big to fail’ bank safeguards after Credit Suisse debacle
1 year, 6 months ago
UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil
1 year, 6 months ago
UBS to impose restrictions on Credit Suisse bankers in final steps of takeover
1 year, 6 months ago
UBS is wealth management behemoth after Credit Suisse takeover
1 year, 6 months ago
Credit Suisse directed to pay ex-Georgian PM $926 million by Singapore Court
1 year, 6 months ago
CCI approves merger of Credit Suisse Group with UBS Group
1 year, 7 months ago
Over $68 billion withdrawn from Swiss' Credit Suisse ahead of UBS merger
1 year, 8 months ago
Credit Suisse sees outflows worth $69 billion in Q1
1 year, 8 months ago
Over $68 billion withdrawn from Credit Suisse ahead of UBS takeover
1 year, 8 months ago
Credit Suisse investors sue after facing billions in losses
1 year, 8 months ago
Credit Suisse investors sue Swiss financial regulators for UBS takeover
1 year, 8 months ago
Credit Suisse bankers jostle for slim pickings at UBS, say sources
1 year, 8 months ago
Credit Suisse accused of obstructing probe into Nazi accounts investigation
1 year, 8 months ago
US Fed approves UBS-Credit Suisse merger. Details here
1 year, 8 months ago
Credit Suisse rescue rebuked by half of Swiss parliament
1 year, 8 months ago
Credit Suisse rescue package rejected by Swiss parliament
1 year, 8 months ago
Swiss lawmakers pick apart Credit Suisse woes ahead of deal
1 year, 8 months ago
Swiss lawmakers slams govt on UBS-Credit Suisse deal
1 year, 8 months ago
UBS confident about Credit Suisse deal despite ‘huge’ risk
1 year, 8 months ago
Swiss cut up to $66M in bonuses for top Credit Suisse execs
1 year, 8 months ago
Swiss regulators defend rescue of Credit Suisse via UBS deal
1 year, 8 months ago
Swiss financial regulator defends Credit Suisse takeover by UBS
1 year, 8 months ago
UBS Chairman’s top-secret prep paid off in Credit Suisse moment
1 year, 8 months ago
'Truly sorry': Credit Suisse chiefs apologise to angry shareholders
1 year, 8 months ago
Credit Suisse investors slam failures as chairman apologizes
1 year, 8 months ago
‘Your money is no longer safe in Switzerland,’ Credit Suisse ex-employee says
1 year, 8 months ago
Credit Suisse chairman says ’sorry’ for bank failure, ’Only two options left...’
1 year, 8 months ago
Swiss prosecutors probe Credit Suisse ahead of takeover; UBS to fire 30% staff
1 year, 8 months ago
Swiss prosecutors probe Credit Suisse ahead of UBS takeover
1 year, 8 months ago
UBS-Credit Suisse merger anticipated to cause over 30,000 jobs loss
1 year, 8 months ago
Up to 30% of jobs may go in UBS-Credit Suisse merger, say reports
1 year, 8 months ago
Credit Suisse takeover hits heart of Swiss banking, identity
1 year, 8 months ago
UBS brings back Ermotti as CEO with Credit Suisse deal ahead
1 year, 8 months ago
US: Credit Suisse violates deal on rich clients’ tax evasion
1 year, 8 months ago
UBS brings back former CEO with Credit Suisse deal ahead
1 year, 8 months ago
Credit Suisse accessed billions in liquidity last weekend, says Swiss finance minister
1 year, 8 months ago
UBS and Credit Suisse merger: Why it might not lead to Swiss bliss
1 year, 9 months ago

Discover Related