Once the second-largest bank in Switzerland, Credit Suisse endured years of scandal and losses before being bailed out by UBS in March in a state-engineered takeover.
The Swiss parliamentary committee announced that it had finalized the ‘investigative approach’ for the inquiry, which will focus on the pre-crisis period leading up to the Credit Suisse emergency bailouts.
The crisis sent shock waves through Switzerland’s financial system and prompted the establishment of the cross-party Commission of Inquiry, the fifth in the country’s modern history.
The Swiss parliamentary committee announced that it had finalized the ‘investigative approach’ for the inquiry, which will focus on the pre-crisis period leading up to the Credit Suisse emergency bailouts.
The crisis sent shock waves through Switzerland’s financial system and prompted the establishment of the cross-party Commission of Inquiry, the fifth in the country’s modern history.
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