Finma: Credit Suisse faces possible disciplinary proceedings

Critical response: A pedestrian passes a branch of Credit Suisse in Bern, Switzerland. The government-brokered purchase of the bank by UBS is being widely criticised by both politicians and ordinary citizens. — Reuters

ZURICH: Credit Suisse Group AG faces the threat of a possible probe and disciplinary action over how top managers ran the bank in the lead-up to its collapse and takeover by UBS Group AG says Switzerland’s banking regulator.

With the Swiss Financial Market Supervisory Authority (Finma) stand that disciplinary proceedings could be brought against Credit Suisse adds a new dimension to it failing.