An inquiry into the collapse of Credit Suisse, $CS, will remain closed for 50 years, per Reuters.

Credit Suisse investigation files to remain closed for 50 years triggering Swiss historian concerns

A parliamentary committee document revealed that Credit Suisse's investigation files will remain closed for 50 years. Swiss historians have started to voice concerns regarding this decision despite it being made to ensure the highest “levels of confidentiality.”

The investigation focuses its attention on three parts of the issue. The first was the Swiss government, the financial regulator, the central bank, and all the events leading to UBS’ emergency takeover of Credit Suisse.

"After the completion of the investigation, the files shall be handed over to the Federal Archives and shall be subject to an extended protection period of 50 years,"

This decision was the topic of concern for historians, with Swiss Society for History president Sacha Zala writing directly to Isabelle Chassott, a parliament upper house law-maker.

Zara: "Ideally, it should be possible to secure and make accessible the archive after an appropriate protection period has expired and, if necessary, subject to historical research conditions,"

Even before the UBS Group AG takeover, Credit Suisse bankers had already started to flood recruiters with job inquiries, according to dozens of firms, headhunters, and other rival lender companies, which all experienced an influx of calls from Credit Suisse staff.

A whistleblower said during that time that Credit Suisse has been helping wealthy Americans avoid paying US taxes.

See flow at unusualwhales.com/flow.

Other News:

Resources:

Reuters

tastytrade logo+
Get the best broker for options trading and earn Unusual Whales discounted! in cash with an eligible account deposit at tastytrade. Get an Unusual Whales bonus when you deposit $2000. Offer expires 3/31/25. Certain restrictions, terms and conditions apply.
Unusual Whales does not confirm the information's truthfulness or accuracy of the associated references, data, and cannot verify any of the information. Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Options, investing, trading is risky, and losses are more expected than profits. Please do own research before investing. Please only subscribe after reading our full terms and understanding options and the market, and the inherent risks of trading. It is highly recommended not to trade on this, or any, information from Unusual Whales. Markets are risky, and you will likely lose some or all of your capital. Please check our terms for full details.
Any content on this site or related pages are not intended to provide legal, tax, investment or insurance advice. Unusual Whales Inc. is not registered as a securities broker-dealer or an investment adviser with the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority (“FINRA”) or any state securities regulatory authority. Nothing on Unusual Whales should be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security by Unusual Whales or any third party. Certain investment planning tools available on Unusual Whales may provide general investment education based on your input. You are solely responsible for determining whether any investment, investment strategy, security or related transaction is appropriate for you based on your personal investment objectives, financial circumstances and risk tolerance. You should consult your legal or tax professional regarding your specific situation. See terms for more information.