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ZURICH (Reuters) - The head of Switzerland s financial regulator FINMA questioned Credit Suisse Group AG over risks in its dealings with now-insolvent finance firm Greensill Capital months before the bank was forced to close $10 billion of funds linked to Greensill, Swiss newspaper SonntagsZeitung reported on Sunday.
Alongside formal discussions on a technical level between the bank and FINMA, the watchdog s head Mark Branson personally discussed the risks with outgoing Credit Suisse Chairman Urs Rohner and Chief Executive Thomas Gottstein during a meeting on an unspecified date, the newspaper reported, citing information it had obtained.
FINMA and Credit Suisse declined to comment to Reuters.
Credit Suisse on Thursday said it plans to up lending volumes and capitalise on a boom in share listings to shore up revenue, after low interest rates and legal charges tipped the bank into the. | February 22, 2021