Observations
Jan 10, 2025Late last month, a landmark inquiry by the Swiss Parliamentary Investigation Committee (PInC) attributed Credit Suisse's collapse to "years of mismanagement" by its leadership.
Observations
Dec 27, 2023In its recent report into the collapse of Credit Suisse, the Swiss Financial Market Supervisory Authority ("Finma") called for enhanced powers to oversee banks, claiming it did all it could to prevent the collapse of Credit Suisse within the confines of current statutory limitations. The bank's collapse was caused by "inadequate implementation of its strategic focus areas, repeated scandals and management errors,” FINMA wrote.
