Swiss regulator deflects blame for Credit Suisse debacle

BERN -Switzerland’s financial regulator deflected blame for the collapse of the country’s second-biggest bank, Credit Suisse, saying it had been quick to respond, calling instead for more powers to take lenders to task. “We reacted very fast,” FINMA president Marlene Amstad told journalists, adding that it was the responsibility of management to avoid such a … Continue reading Swiss regulator deflects blame for Credit Suisse debacle