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...
19 Dec, 2023, 08.08 AM IST
In wake of Credit Suisse, Switzerland told to prepare for bank failureSwitzerland was urged to prepare properly for the failure of a big bank on Friday by a group of experts in the wake of the collapse of Cred...
01 Sep, 2023, 03.59 PM IST
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 ...
10 Jul, 2023, 12.26 AM IST
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 ...
26 Apr, 2023, 11.54 AM IST
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 ...
21 Apr, 2023, 07.15 PM IST
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...
20 Mar, 2023, 09.44 AM IST
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...
20 Mar, 2023, 07.50 AM IST
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.
15 Mar, 2023, 10.12 PM IST
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...
13 Mar, 2023, 10.30 PM IST
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...
28 Feb, 2023, 07.25 PM IST
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...
05 Apr, 2015, 06.27 PM IST
Swiss regulator says mortgage market is too big to failThe size of Switzerland's mortgage market rivals the balance sheets of the country's two biggest banks, UBS and Credit Suisse, Branson said.
20 May, 2014, 07.15 PM IST
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...
19 Dec, 2012, 02.19 PM IST
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.
27 Nov, 2012, 03.25 AM IST
- Swiss regulator finds loopholes in bank dealings with foreign politicians
In a first-of-its-kind initiative, FINMA conducted an audit on dealings of Switzerland-based banks with Politically Exposed Persons.
14 Nov, 2011, 01.06 AM IST
- Swiss to impose bonus caps only on 12 big banks
Swiss regulators scaled back plans to curtail banker bonuses, saying their proposals would apply only to the country’s 12 largest banks and...
12 Nov, 2009, 02.26 AM IST
- UBS existence at stake in US tax case: Swiss regulator
The tax fraud charges against UBS in US could have threatened the very existence of Switzerland's biggest bank.
19 Feb, 2009, 01.57 PM IST