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Credit Suisse crash investigated by Swiss lawmakers

From brecorder.com

A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of Credit Suisse, once Switzerland’s second biggest bank. The fifth such probe in the country’s modern history was set up after parliament, in a largely symbolic vote, rejected the government-engineered 109 billion Swiss franc ($122 billion) rescue package to enable the stricken bank’s takeover by UBS. It will be a reminder to Switzerland we cannot just continue as if nothing happened,“ said Peter V Kunz, a professor of business law at Bern University. Here is what we know about the investigation ... (full story)

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  • Category: Fundamental Analysis