Both Credit Suisse and UBS declined to comment. Credit Suisse had also encountered opposition from proxy adviser Institutional Shareholder Services (ISS), which had recommended that shareholders vote against a proposal by the bank for its board and senior management to be released from liability for its 2022 financial results. ISS had cited a "lack of oversight and poor stewardship" that ultimately led to the problems that necessitated its rescue by UBS. Credit Suisse on Wednesday withdrew its request for the "discharge of responsibility" for the board and management.