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FINMA REVIEW
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...- UBS steps up contingency planning as it tries to tame Swiss rules, sources sayUBS may shift its headquarters from Switzerland. This is due to the Swiss government's proposed capital rules. London is a possible alterna...
- 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...
- UBS to face tougher rules in Swiss response to Credit Suisse rescueSwitzerland implemented stricter capital requirements for UBS and banks post Credit Suisse rescue. The 209-page report suggested 22 measure...
- 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...
- Regulator's review of over 30 Swiss banks finds shortcomings in money-laundering controlsThe poor assessment of the banks - which were not identified by name - is significant because Switzerland ranks No. 1 worldwide in wealth m...
- UBS completes completes Credit Suisse takeover, gains clout as global wealth playerCommenting on the biggest banking deal since the 2008 global financial crisis, UBS CEO Sergio Ermotti and Chairman Colm Kelleher said "this...
- Indian banks unlikely to go SVB, Credit Suisse way as they can swim good in troubled watersDays after the US saw its second and third largest banking failures, where the authorities had to step in to rescue the banks and depositor...
- 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...
- Credit Suisse chief's outflow claims under probe by regulatorFinma is looking to establish the extent to which Credit Suisse representatives like Lehmann were aware that clients were still withdrawing...
- FTX opposes new bankruptcy investigation as it probes Bankman-Fried connectionsFTX acknowledged "fraud, dishonesty, incompetence, misconduct, mismanagement, and irregularity" in its past conduct, but said that its prev...
- Credit Suisse shares slip despite moves to soothe investor concernsSwiss regulator FINMA and the Bank of England in London, where the lender has a major hub, were monitoring the situation at Credit Suisse a...
- Credit Suisse on the defensive after dirty money data leakCredit Suisse described the issue as "predominantly historical", adding that information had been taken out of context. "Approximately 90% ...
- Fearing predators, Credit Suisse seeks new look or even merger: SourcesNew chairman, Antonio Horta-Osorio, announced a strategic review in late April, telling investors he would take time in reaching hard decis...
- Credit Suisse serves investors thin gruel as Wall Street feasts on dealsCredit Suisse has emerged as the bank hardest-hit from its exposure to Archegos, which collapsed when it couldn't meet margin calls.
- Credit Suisse, under regulatory scrutiny, rejigs asset managementIn its annual report, the lender said Swiss regulator FINMA was one watchdog looking into the matter, and was reviewing it in relation to t...
- Switzerland threatens tax cheats using insurance 'wrappers'Swiss regulators are probing whether investors are buying life insurance to hide undeclared assets from tax authorities as the dispute over...
- 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...
- UBS bans asset managers' foreign travelUBS, Switzerland's largest bank, introduced a ban on travel abroad for its assets managers.
- UBS existence at stake in US tax case: Swiss regulatorThe tax fraud charges against UBS in US could have threatened the very existence of Switzerland's biggest bank.
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