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Showing 1 - 5 of 5 results for "FINMA"

Credit Suisse fined $575m by regulators

CASSANDRA BALDINI  |  TUESDAY, 25 JUL 2023
... previously raised by the PRA." The coordinated effort also involved action by the Swiss Financial Market Supervisory Authority (FINMA). During its enforcement proceedings, FINMA found Credit Suisse had seriously and systematically violated financial ...

UBS completes landmark Credit Suisse acquisition

ANDREW MCKEAN  |  TUESDAY, 13 JUN 2023
... Credit Suisse for US$3.2 billion, with support from Swiss National Bank and the Swiss Financial Market Supervisory Authority (FINMA). FINMA approved the merger because Credit Suisse was experiencing a crisis of confidence, which manifested in considerable ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... The discussions were initiated jointly by the Swiss federal government, the Swiss Financial Market Supervisory Authority (FINMA) and SNB to ensure stability for Credit Suisse customers and the wider financial centre. "The Credit Suisse Group is experiencing ...

Credit Suisse, oil prices see ASX fall: CommSec

CASSANDRA BALDINI  |  THURSDAY, 16 MAR 2023
... 5%," he said. In a joint statement, the Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority (FINMA) confirmed they could provide liquidity backstop to Credit Suisse to reassure investors. "The SNB and FINMA assert that the ...

UBS $2bn rogue trader in custody

RACHEL DAVIS  |  FRIDAY, 16 SEP 2011
... London police was contacted by UBS about an allegation of fraud by one of their employees," said police commander Ian Dyson. Finma, the Swiss banking regulator and the UK's Financial Services Authority (FSA) have already been in contact with UBS. "UBS ...
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