disagreement within national bank over credit suisse's future direction

The Swiss National Bank (SNB) is currently experiencing internal disagreements regarding the handling of Credit Suisse.

The current SNB Chairman, Martin Schlegel, has expressed a preference for nationalization instead of the proposed sale of Credit Suisse to UBS.

This differs from the stance of his predecessor, Thomas Jordan, and Finance Minister Karin Keller-Sutter, who supported the UBS takeover.

The parliamentary commission of inquiry has highlighted this significant difference in opinion within the SNB, indicating a potential division in the approach to managing the crisis surrounding Credit Suisse.

Schlegel's position suggests a more interventionist strategy, which could have wide-ranging implications for the Swiss banking sector and its regulatory framework.

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