Swiss regulators have rebuked Credit Suisse for 'serious' failings in its handling of a multi-billion business with now defunct financier Greensill, the third such public censure in two years.
The regulators also found that the misgivings of one banker at Credit Suisse about granting a loan to Greensill were overruled.
It is the third such public shaming of Credit Suisse by the supervisor, who also criticised the bank in 2021 for spying on top executives and granting outsized loans to Mozambique linked to a corruption scandal that plunged it into a debt crisis.
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