Swiss prosecutor opens probe into Credit Suisse takeover

  • 📰 IrishTimes
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 98%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Investigation will examine potential breaches of criminal law by officials, regulators and bank executives

The prosecutor, Stefan Blättler, has issued a number of “investigatory orders” to government bodies. His office has also been in contact with the federal and cantonal governments and is likely to seek to interview key officials in relation to the takeover.

A majority support legislation to split up the bank or even measures to claw back bonuses from senior staff, who they say should be held responsible for their actions. The measure angered some large international fixed-income investors, and caused concern among international regulators over its impact on other banks’ ongoing ability to raise capital.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in LOANS

Loans Loans Latest News, Loans Loans Headlines