Mr Cooper Group Inc (COOP)

[t1215s]

Here’s more FYI. Updated onFebruary 28, 2023 at 5:38 AM EST
Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator has concluded as it closed its probe against the bank.

Switzerland's financial markets authority, FINMA, said Tuesday that it has concluded enforcement proceedings opened two years ago against Credit Suisse after bank partner Greensill Capital went bankrupt. At the time, Credit Suisse closed four funds linked to the partnership, in which bank clients had invested about $10 billion.

https://www.usnews.com/news/business/articles/2023-02-28/swiss-regulator-credit-suisse-made-serious-breach-of-law#:~:text=Feb.%2028%2C%202023%2C%20at%207%3A48%20a.m.&text=GENEVA%20(AP)%20%E2%80%94%20Swiss%20regulators,against%20four%20former%20bank%20managers.

The Swiss bank was ordered to take remedial measures by Finma, which include a periodic executive board level-review of the most important business relationships for counterparty risks, the regulator said in a statement on Tuesday. The bank must also record the responsibilities of its 600 highest-ranking employees in a “responsibility document,” Finma said.

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