Switzerland punishes banks because of a Credit Suisse scandal. Its bankers also faced 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 suffered heavy losses in the collapse of the Archegos family office and the decimation of billions of client investments guaranteed by the insolvent British financier Greensill.
"The scandals that have affected Credit Suisse, from Mozambique to Greensill, are damaging to Switzerland's reputation. We have proposed a reform [...] that would ensure that if something goes wrong, it is the manager who is responsible," said Gerhard Andrey, a green member of the Swiss Parliament.
Credit Suisse lost more than $5 billion following the collapse of the Archegos family office and faced an avalanche of lawsuits involving $10 billion in investments from Greensill-related clients. As a result, Swiss rules now allow for sanctions against bankers.