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Credit Suisse ‘seriously breached’ Greensill obligations, Swiss regulator finds

Finma says Credit Suisse failed to understand the risks attached to the supply chain finance business

Former managers are facing potential bans after series of errors uncovered
Former managers are facing potential bans after series of errors uncovered Photo: Stephanie Keith/Getty Images

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Credit Suisse committed a “serious breach of Swiss supervisory law”, according to the country's financial regulator, as it concludes a two-year probe into the bank's relationship with fallen financier Lex Greensill.

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