The report released by the Parliamentary Commission of Inquiry (PUK) details the events that led to the emergency takeover of Credit Suisse, revealing that the bank's shares are effectively worthless.

The report highlights failures in collaboration between regulatory authorities during the crisis in March 2023, which had a significant impact on the financial sector.

The findings of the PUK provide important insights into the factors that contributed to the downfall of Credit Suisse, emphasizing the need for better oversight and communication among financial regulators. This comprehensive assessment aims to inform future policy and prevent similar crises in the banking industry.