FINMA President Marlene Amstad told Swiss newspaper NZZ am Sonntag it was "still open" whether new proceedings would be started, but the regulator's main focus was on "the transitional phase of integration" and "preserving financial stability".for 3 billion Swiss francs in stock a week ago and to assume up to 5 billion francs in losses in a merger engineered by Swiss authorities during a period of market turmoil in global banking.
Asked whether FINMA is looking into holding current Credit Suisse managers accountable for the collapse of Switzerland's second-largest bank, Amstad said it is "exploring the options".
It's political propaganda
So... Slap on the wrist, and a pinky promise that it'll never happen again because they've totally learned their lesson this time. I need to start identifying as a bank...
If any illegal activities/share price manipulation are identified, the management should face jail time. $AMC $MMTLP
Being broke is punishment enough
Send them all to jail!
How do you discipline something you forced into non-existence?
Ah bon? Mais pourtant, elle passait tous les tests.
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