Credit Suisse scandals prompt Switzerland to think unthinkable: punish bankers

Published by
Reuters

By John O’Donnell and Brenna Hughes Neghaiwi FRANKFURT (Reuters) – Exasperation with Credit Suisse following a string of scandals is prompting Switzerland to rethink a system in which top bankers have been largely untouchable. Credit Suisse’s heavy losses from the collapse of family office Archegos and the decimation of billions of client investments backed by insolvent British financier Greensill have angered regulators and triggered a rare discussion among lawmakers about fining bankers. The debate, the biggest public discussion about banking reform since the financial crash, centres on endi…

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