Business & Finance

How Swiss authorities bungled Credit Suisse oversight

18 December 2023, 9:02 pm 1 minute

Reuters exclusively reported that about six months before Credit Suisse was sold to rival UBS in a weekend rescue, the head of the Swiss central bank wanted to inject 50 billion Swiss francs ($57.6 billion) into the lender and nationalise it.

Article Tags

Topics of Interest: Business & Finance

Type: Reuters Best

Sectors: Business & FinanceFinancial Services

Regions: Europe

Countries: Switzerland

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

Share this article

Work Email Address *

Country *

I'd like to receive communications about Reuters resources, events, products, or services.

(Please note you can manage and update your preferences at any time.) By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement.

By submitting your details, you are agreeing to receive communications about Reuters resources, events, products, or services. By submitting your details, you are also acknowledging that you have read and understood our: Privacy Statement. * required field

Work Email Address *

Country *

More of Reuters Best

JPMorgan CEO Jamie Dimon to visit Africa in growth push

How Swiss authorities bungled Credit Suisse oversight

More of Reuters Best

JPMorgan CEO Jamie Dimon to visit Africa in growth push

Ryanair raises summer fare outlook as ‘ugly scenario’ avoided

India flags cricket rights concerns with Disney-Reliance $8.5 bln merger

Custody giant State Street expands crypto services in new partnership