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  "documentTitle": "20230530 A long way down Credit Suisse Rolf Sethe 11th EBI Academic Debate",
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      "text": "Credit Suisse should not simply strive to be a \"money machine\" but should be committed to certain values as an institution: \"integrity and ethical behaviour\"",
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      "text": "Credit Suisse should not simply strive to be a \"money machine\" but should be committed to certain values as an institution: \"integrity and ethical behaviour\"\nThe Bank should reflect \"political and social responsibilities\" in its business conduct. \"The large number of internal disciplinary actions the bank has to take each year shows that we are nowhere near where we should be\"\nThe bank should stop fighting the regulator. The US Federal Reserve gave CS only the second-worst rating of \"fair\", FINMA rated it \"subject to intensive supervisory procedures\"\nHe stated that \"the entire compensation system is not adequate\"",
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      "text": "When Jean-Daniel Gerber¹ stepped down in 2015 after only three years on the CS-board of directors, he made a clairvoyant assessment:",
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      "text": "1 NZZ-Magazin Online 08.04.2023",
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