The Swiss bank gave a glimpse of its chaotic final weeks before a rescue by UBS in a first-quarter earnings report that showed revenue diving and customers rushing to pull deposits.
Credit Suisse's near-collapse last month resulted in one of the biggest-ever quarterly banking profits. It puts a new spin on the saying, "[Great quarter, guys](https://www.wsj/articl
The Swiss banking giant said it is evaluating all options for Credit Suisse’s Swiss business, which some politicians in the country want to be spun off into a separate unit or divested.
The European Central Bank on Monday fined the European unit of Goldman Sachs 6.6 million euros, or around $7.2 million, for credit-risk reporting errors.
The bank under-reported the credit risk associated with its risk-weighted assets for eight straight quarters between 2019 and 2021, the ECB said.
UBS Chairman Colm Kelleher said financial regulators need to tackle the risks of unprofitable banks after they failed to prevent Credit Suisse’s meltdown in March.
The former Morgan Stanley executive said regulators missed alarm bells in October, when Credit Suisse forecast it would make only margi