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Credit Suisse ‘seriously breached’ Greensill obligations, Swiss regulator finds
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Credit Suisse committed a “serious breach of Swiss supervisory law”, according to the country's financial regulator, as it concludes a two-year probe into the bank's relationship with fallen financier Lex Greensill.
Greensill, who used his close contacts with UK government officials to secure lucrative supply chain finance contracts, saw his empire collapse in March 2021, forcing Credit Suisse to suspend some $10bn of its funds that had exposure to his businesses.
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UBS agrees to buy Credit Suisse as regulators look to shore up global banking system cnbc.com /1 year ago
Credit Suisse rescue plan may include nationalization, bondholder losses cointelegraph.com /1 year ago
Credit Suisse: Bank of England won’t object to takeover as UBS considers $1bn bid theguardian.com /1 year ago
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