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Simon Helbling, director of the documentary “Game Over – The Collapse of Credit Suisse,” revealed he faced significant pressure to halt production, emphasizing the need for Switzerland to confront the bank's downfall. The film, premiering in Ticino, traces the bank's history from a 1977 scandal to its eventual collapse, highlighting missed opportunities for intervention during key leadership periods. Scriptwriter Arthur Rutishauser noted the detrimental impact of Credit Suisse's US activities and criticized the lack of accountability following a parliamentary inquiry into the bank's failure.
The documentary "Game Over" explores the downfall of Credit Suisse, revealing how internal greed and a lack of accountability led to its collapse. Despite significant losses and legal violations, decision-makers showed little remorse, highlighting a systemic failure within the bank. The film aims to provoke political reactions and shed light on the consequences of unchecked corporate behavior.
On March 19, 2023, Credit Suisse's downfall culminated in its acquisition by UBS, facilitated by the Swiss Confederation. Simon Helbling's documentary "Game Over - The Fall of Credit Suisse" traces the bank's risky shift towards global investment banking since the 1970s, highlighting managerial greed and incompetence as key factors in its collapse. Despite attempts to restructure in 2022, the bank's leadership prioritized personal gain over responsibility, leading to its moral and financial bankruptcy.
UBS experienced a technical fault on Wednesday, causing certain debits to clients' accounts to be displayed twice. The bank acknowledged the issue and assured clients that the incorrect bookings would be corrected, although details regarding the cause, number of affected clients, and resolution timeline were not disclosed.
Swiss economic growth is projected at 1.4% for 2025, with an upward revision to 1.9% for 2026, driven by EU stimulus packages. A citizens' initiative aims to limit lobbying in Parliament, while a documentary on Credit Suisse highlights pressures faced during its production. Cash usage declines, with debit cards becoming the preferred payment method in 2024.
Simon Helbling, director of the documentary "Game Over - The Collapse of Credit Suisse," revealed he faced significant pressure not to produce the film, emphasizing its importance for Switzerland to confront the bank's troubled history. The documentary explores key events leading to Credit Suisse's downfall, including its expansion into the U.S. and the costly decisions made over the years. Arthur Rutishauser, the film's scriptwriter, noted that while a parliamentary inquiry uncovered many facts, it failed to assign blame for the bank's collapse.
The EU Court has upheld a €172.3 million fine on UBS for its role in a cartel involving the trading of European government bonds, alongside six other banks. While fines for Unicredit and Nomura were slightly reduced, the court confirmed the serious anticompetitive behavior of the banks during a financial crisis. In other news, Google's AI feature is now available in Switzerland, and a 30-employee firm has shut down due to a computer disaster. Additionally, the Federal Court annulled the election of Senator Simon Stocker due to residency issues.
The director of the documentary "Game Over - The Collapse of Credit Suisse," Simon Helbling, revealed he faced significant pressure to not produce the film, which explores the bank's troubled history, including its U.S. expansion and eventual demise. The film highlights critical events, including the 1977 Chiasso scandal and the bank's costly decisions leading to its collapse, ultimately taken over by UBS in 2023. Meanwhile, the EU General Court confirmed a €172 million fine against UBS for cartel activities, and the Federal Court annulled the election of Senator Simon Stocker due to residency issues.
Simon Helbling, director of the documentary "Game Over - The Collapse of Credit Suisse," revealed he faced significant pressure not to produce the film, emphasizing the importance of addressing the bank's troubled history for Switzerland. The documentary explores key events, including the bank's expansion into the U.S. and its eventual downfall, highlighting critical decisions made over the years. Arthur Rutishauser, an investigative journalist, noted that while a Parliamentary Commission of Inquiry uncovered many facts about the collapse, it failed to assign responsibility.
The documentary "Game Over: the fall of Credit Suisse," directed by Simon Helbling, explores the bank's decline leading to its takeover by UBS in 2023. Investigative journalist Arthur Rutishauser reveals how Credit Suisse lost its business model, took excessive risks, and faced legal threats during the investigation, ultimately highlighting the impunity of its executives amid significant financial losses. The project, financed partly by the "Lex Netflix" law, showcases firsthand accounts from key figures involved in the bank's downfall.
Simon Helbling
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