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premiere of game over film highlights downfall of credit suisse
Celebrities gathered at Zurich's Corso cinema for the premiere of "Game Over - The Fall of Credit Suisse," highlighting the ongoing impact of the bank's collapse three years ago. Author Arthur Rutishauser's work reveals that the downfall could have been averted, with a significant offer for CS's investment bank made prior to UBS's takeover. The film, set for release on March 27, paints a troubling picture of the banking sector's final days and the self-serving mentality that contributed to the crisis.
ubs faces scrutiny over china deals amid potential reputational risks
UBS CEO Sergio Ermotti reportedly intervened to remove a "Finanz und Wirtschaft" article detailing the bank's connections with sanctioned Chinese military companies shortly after its publication. The piece highlighted UBS's significant investments in firms under US sanctions, raising concerns about reputational risks and potential secondary sanctions. While UBS maintains that its investments comply with US regulations, the swift removal of the article suggests internal alarm over its implications.
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