Swiss Minister Calls Credit Suisse Managers ‘Arsonists’

Switzerland’s Finance Minister Karin Keller-Sutter denied government responsibility for the near-collapse of Credit Suisse Group AG in March, and instead called the bank’s management “arsonists.” 

Asked if her predecessor Ueli Maurer had done his job well, Keller-Sutter, who took over the post at the beginning of the year, told Tages-Anzeiger, “you have to be careful not to confuse firefighters and arsonists. The board of directors and executive board are responsible for Credit Suisse – and not the government.”