Thomas Jordan, chairman of the Swiss National Bank, said on Friday that the collapse of Credit Suisse was caused by the bank's management, not the Swiss financial authorities. "This is the result of wrong decisions by bank management," Jordan said in an interview. "The Swiss authorities were well prepared and we took the necessary measures to avoid a global financial crisis." Jordan said that UBS's acquisition of Credit Suisse last year, facilitated by the government, was the best choice. He believed that the intervention of the Swiss National Bank in this event was limited.
瑞士央行的乔丹将瑞信的崩溃归咎于管理层
Jordan, the head of the Swiss National Bank, blamed Credit Suisse's collapse on management.
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