Credit Suisse buyout faces harsh criticism at home

Swiss media and politicians alike expressed outrage felt that one of the country's oldest and most iconic banking institutions went poof, insisting that despite a string of crises and scandals, it could have been saved.

A local pensioner protests in front of the Credit Suisse headquarters after Swiss bank giant UBS has agreed to take over its troubled Swiss rival, in Zurich on March 20, 2023. AFP photo

By: NewVision Reporter, Journalist @NewVision

UBS's emergency takeover of its troubled Swiss rival Credit Suisse, with significant backing and arm-twisting from Bern, sparked fears on Monday it could weaken the country's biggest bank and financial

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Switzerland

Credit Suisse buyout faces harsh criticism at home

Swiss media and politicians alike expressed outrage felt that one of the country's oldest and most iconic banking institutions went poof, insisting that despite a string of crises and scandals, it could have been saved.

A local pensioner protests in front of the Credit Suisse headquarters after Swiss bank giant UBS has agreed to take over its troubled Swiss rival, in Zurich on March 20, 2023. AFP photo

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