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Credit Suisse Scolded by Finma for Rewarding Rogue Banker

Sep.17 — Credit Suisse Group AG was scolded by Switzerland’s financial regulator, but escaped any real penalties for its failure to properly oversee a former wealth manager convicted of fraud. Bloomberg’s Peggy Collins reports on “Bloomberg Daybreak: Americas.”
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FINMA News
FINMA is Switzerland’s independent financial-markets regulator. Its mandate is to supervise banks, insurance companies, exchanges, securities dealers, collective investment schemes, and their asset managers and fund management companies.
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