© Reuters. FILE PHOTO: Switzerland’s national flag flies above a logo of Swiss bank Credit Suisse in front of a branch office in Bern, Switzerland November 29, 2022. REUTERS/Arnd Wiegmann/File Photo
BERLIN (Reuters) – Swiss financial watchdog FINMA has concluded its proceedings against Credit Suisse (SIX:) in connection with its business relationship with financier Lex Greensill and his companies, it said on Tuesday.
“FINMA finds that Credit Suisse seriously breached its supervisory obligations in this context with regard to risk management and appropriate organisational structures,” it said in a statement, adding it had ordered remedial measures.
