Credit Suisse is one of a handful of global banks publicly disclosing some loans to poor countries, as most of the rest of the industry instead clings to secrecy, according to a fresh study.
The Swiss bank, which was absorbed by UBS Group AG in a government-engineered takeover earlier this year, stands out for its relative transparency around such lending, according to research by UK nonprofit Debt Justice, which looked at multiple data sets spanning the past half decade and through the first half of 2023. The only other bank found to provide similar disclosures was Mitsubishi UFJ Financial Group, the analysis showed.
Read More : Credit Suisse Breaks Norm by Disclosing Details of EM Debt Holdings