Switzerland is punishing banks because of a Credit Suisse scandal. Its bankers also had to face proceedings in Britain and the United States

A series of scandals is prompting Switzerland to rethink a system in which high-ranking bankers have been largely untouchable. Credit Suisse has suffered heavy losses in the collapse of the Archegos family office and the decimation of billions in client investments guaranteed by the insolvent British banker Greensill.
“The scandals that have affected Credit Suisse, from Mozambique to Greensill, are harmful to Switzerland's reputation. We proposed a reform [...] that would ensure that if something goes wrong, the manager is responsible,” said Gerhard Andrey, a member of the Greens in the Swiss Parliament.
Credit Suisse lost more than $5 billion following the collapse of the Archegos family office and had to face an avalanche of lawsuits over $10 billion in investments from clients linked to Greensill. As a result, Swiss rules now allow sanctions against bankers