Credit Suisse's top execs could face a probe over their role in the banking giant's collapse, Swiss watchdog says
Credit Suisse executives could be probed and disciplined over how they ran the bank in the run-up to its collapse and subsequent rescue by rival UBS, according to the president of Switzerland's financial regulator.
The Swiss banking giant was implicated in several high-profile scandals over that period. It took massive losses from the collapse of its clients Archegos Capital Management and Greensill Capital in 2021, and it was"CS had a cultural problem that translated into a lack of accountability," Amstad said in the NZZ am Sonntag interview published Sunday."Often it was not clear who was responsible for what.
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