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Swiss parliament to look into Credit Suisse fiasco – paper

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Reuters

ZURICH (Reuters) – A Swiss parliamentary committee will discuss the fallout from billions of dollars worth of losses at Credit Suisse amid risk-management failures, bringing political scrutiny to bear on the financial sector, a Sunday paper reported. “It’s the politicians’ turn on the Credit Suisse issue,” the SonntagsZeitung quoted Prisca Birrer-Heimo, a Social Democrat member of the lower house’s economic affairs committee, as saying ahead of committee hearings set for Monday and Tuesday. Credit Suisse declined to comment on the report. Political intervention in the private sector is unusual…

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