Switzerland’s financial regulator (Finma) has launched its own investigation into former Credit Suisse CEO Thomas Gottstein. In this respect informs Bloomberg cites the SonntagsBlick newspaper and its sources.
Finma has initiated enforcement proceedings against four unnamed former employees of Credit Suisse. This came after the regulator determined that the lender had breached its risk management obligations when financing an offering of Greensill Capital.
The newspaper’s source pointed out that Thomas Gottstein, the former head of Credit Suisse, is among the four unnamed employees. That’s why the regulator has yet to determine its role in Greensill Capital’s bankruptcy.
After Greensill Capital’s bankruptcy in 2021, Credit Suisse blocked $10 billion in a group of funds the bank previously offered as safe investments, according to the agency.
June 28, Bloomberg, citing the source reportedSwitzerland’s largest bank UBS has decided to lay off more than half of the employees of the acquired bankrupt bank Credit Suisse.
Previously reportedthat the world economy is currently facing the first crisis since the global financial crash in 2008 against the backdrop of the bankruptcy of a number of banks in Europe and the United States.