Credit Suisse has been added to a watchlist by the UK banking regulator over concerns that it hasn’t sufficiently addressed risky culture. Photograph: Fabrice Coffrini / AFP via Getty Images)The UK’s financial regulator has added Credit Suisse to a watchlist over concerns that it hasn’t sufficiently addressed risky culture as the lender struggles to draw a line under a series of scandals and turbulence.
Officials have asked the firm’s top management to offer evidence of the steps it would take to make improvements going forward, said the person, who asked not to be identified discussing private matters. Bank of Ireland’s departing chief executive, Francesca McDonagh, who has been named as Credit Suisse’s new head of European operations, will take up her new role at the bank on October 1st.