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Switzerland s Financial Market Supervisory Authority (FINMA) is focusing strongly on UBS following its takeover of Credit Suisse. FINMA has reorganized and increased the UBS team to around 60 people, focusing on high-risk areas. The enlarged UBS, with a balance sheet of over $1.6 trillion, has raised concerns about its dominant position in Switzerland and potential influence on future banking regulation. ....
International Business News: The Swiss financial regulator, Finma, provided a detailed account of the Credit Suisse crisis, revealing that the bank came close to collapsing before ....