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FINMA
HSBC’s Swiss bank said to exit 1,000 mideast clients amid revampHSBC's Swiss private bank is cutting ties with wealthy Middle Eastern clients. Over 1,000 clients from Saudi Arabia, Lebanon, Qatar, and Eg...- Code to commerce: How Indian developers are shaping the Apple App StoreA recent study showed the App Store ecosystem in India facilitate Rs.44,447 cr. billing in 2024. Apple Developer Center in India is activel...
- Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources sayThe Swiss financial regulator entered into a back and forth with UBS over filters and "know your client" rules, a set of procedures that ba...
- Swiss financial regulator says it will focus 'very strongly' on UBS: ReportSwitzerland's Financial Market Supervisory Authority (FINMA) is focusing strongly on UBS following its takeover of Credit Suisse. FINMA has...
- How Swiss authorities bungled Credit Suisse oversightHobbled by a series of scandals and failed restructuring plans under successive management teams, Credit Suisse had experienced massive dep...
- Saudi National Bank wanted 40% stake in Credit Suisse: ReportThe Saudi National Bank attempted to raise its stake in Credit Suisse to 40%, which was opposed by Swiss regulator Finma, according to the ...
- Swiss regulator says two banks' crisis plans are insufficientIt said "ZKB has not yet built up the required capital in full" and that "PostFinance must realign its emergency planning." The assessment ...
- Credit Suisse investors sue after facing billions in lossesThe investors are contesting an order by the Swiss Financial Market Supervisory Authority, or FINMA, that wiped out about 16 billion Swiss ...
- Credit Suisse faces possible disciplinary proceedings: Switzerland's banking regulator"CS had a cultural problem that translated into a lack of accountability," Finma President Marlene Amstad told the Sunday newspaper. "Often...
- Credit Suisse says $17 bln of its debt now worthless, angering bondholdersFINMA, the Swiss regulator, said the decision would bolster the bank's capital. The move reflects authorities' desire to see private invest...
- UBS, regulators race to seal Credit Suisse deal: ReportUBS Group AG , Credit Suisse Group and key regulators are rushing to finalise a deal on the merger of the two Swiss banks as soon as Saturd...
- Credit Suisse appeals to Swiss National Bank for show of support - FTCredit Suisse has asked for a similar response from Swiss regulator Finma, the report said, citing two people familiar with the matter.
- Swiss regulator monitoring banks and insurers after SVB collapseSwiss financial regulator FINMA is seeking to identify any potential contagion risks for the country's banks and insurers following the col...
- Credit Suisse made ''serious breach'' of law: Swiss regulatorSwitzerland's financial markets authority, FINMA, said on Tuesday that it has concluded enforcement proceedings opened two years ago agains...
- UBS and Credit Suisse make further progress in emergency plans - regulatorUBS and Credit Suisse have made further progress in how they would stabilise and restructure themselves in a financial crisis, Swiss financ...
- Swiss banks up black money vigil as India threatens criminal actionIt comes at a time when a number of Swiss banks have seen "asset outflows" and the tax status of many clients have been found to be "inappr...
- At UBS, rate manipulators called each other 'Superman', 'Hero'The London Interbank Offered Rate and the Euro Interbank Offered Rate are benchmark reference rates used in both the UK and international f...
- India outsourcing failure blamed for $2.3bn loss by UBS traderThis is the third instance when outsourcing of key oversight jobs by global banks to India has come under the regulatory scanner abroad.
- Swiss regulator finds loopholes in bank dealings with foreign politiciansIn a first-of-its-kind initiative, FINMA conducted an audit on dealings of Switzerland-based banks with Politically Exposed Persons.
- Swiss to impose bonus caps only on 12 big banksSwiss regulators scaled back plans to curtail banker bonuses, saying their proposals would apply only to the country’s 12 largest banks and...
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