Systemic Swiss Banks Not Ready for Crisis, Regulator Says

Systemic Swiss Banks Not Ready for Crisis, Regulator SaysSwitzerland’s financial regulator is not satisfied with the emergency plans of two of the Alpine nation’s five major banks. The assessment refers to a period prior to the rescue of Credit Suisse by UBS when the authority viewed the troubled giant’s preparedness in positive terms. 2 Swiss Banks Unable to Implement Recovery Plans, Finma Finds […]

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Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, Report

Credit Suisse, UBS, Other Banks Facing Russia Sanctions Probe in US, ReportSwitzerland’s troubled Credit Suisse and its rescuer, USB, are subject to an investigation into whether bankers helped Russian oligarchs evade Western sanctions, according to a media report. Some major U.S. banking institutions are also under scrutiny within the probe initiated by the Justice Department, sources say. Credit Suisse, US Banks Investigated for Suspected Sanctions Violations […]

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