Swiss regulator FINMA concluded on Tuesday that Credit Suisse had "seriously breached its supervisory obligations" in its business relationship with financier Lex Greensill and his company. The Swiss bank's controversial exposure to London-based Greensill Capital led to massive redemptions to investors after the supply chain finance company collapsed in early 2021.
Credit Suisse in 'serious breach' of obligations in Greensill case, Swiss watchdog says
