Downfall of Credit Suisse: Where was Thomas Jordan when CS faltered?

2023-12-16 22:30:00

– Where was Thomas Jordan when CS was reeling?

New facts in the CS scandal: The National Bank could have guaranteed the big bank. The CS board of directors was warned in a letter from Finma.

Published: December 16, 2023, 11:30 p.m

Sees Finma’s responsibility in the Credit Suisse debacle: SNB President Thomas Jordan.

Photo: Urs Jaudas

They still exist, the Credit Suisse branches, the employees are enjoying Christmas dinner, the wave of layoffs has been postponed until next year, and customers have been reassured since the takeover by UBS. But dealing with the Credit Suisse scandal is a concern for politicians, the financial market regulator (Finma) and the National Bank (SNB). One thing is clear: no one wants to be responsible for the downfall of the second largest Swiss bank.

1702844405
#Downfall #Credit #Suisse #Thomas #Jordan #faltered