U.S., U.K., Swiss regulators take action over risk management, governance weaknesses
DBRS affirms ratings on UBS, Credit Suisse, but outlook is negative
Sector's competition, regulation and risk will all be transformed, Fitch says
Credit Suisse dropped 24% on SIX, chairman defends “strong balance sheet”
Restructuring effort still a challenge, as major business lines grapple with revenue, profit headwinds
Precious metals trader guilty of wire fraud, federal jury finds
Strategic revamp delays profitability, carries execution risk
SEC sanctions firms for pervasive record-keeping violations
Firm violated SEC and SRO rules, including analyst disclosure requirements
News reports identified the hedge fund as New York-based Archegos Capital Management