Search Results for: Credit Suisse
FINMA finds deficiencies in anti-money laundering processes at Credit Suisse
September 19th, 2018
The Swiss Financial Market Supervisory Authority FINMA has concluded two enforcement procedures against Credit Suisse AG. In the first procedure, FINMA identified deficiencies in the bank’s adherence to anti-money laundering due diligence obligations in relation to suspected corruption involving ...
Credit Suisse to pay millions in dollars to settle criminal penalty and charges
July 9th, 2018
The Securities and Exchange Commission announced that Credit Suisse Group AG will pay approximately $30 million to resolve SEC charges that it obtained investment banking business in the Asia-Pacific region by corruptly influencing foreign officials in violation of Foreign ...
SFC reprimands and fines Credit Suisse millions for regulatory breaches
February 9th, 2018
The Securities and Futures Commission (SFC) has resolved its concerns with Credit Suisse (Hong Kong) Limited (CSHK), Credit Suisse Securities (Hong Kong) Limited (CSSHK) and Credit Suisse AG (CSAG) (collectively, Credit Suisse) over internal control failures. Under the resolution, ...
Credit Suisse To Pay Millions For Unlawful Conduct In Its Forex Trading Business
November 15th, 2017
Credit Suisse Traders Engaged in Efforts to Manipulate Prices, Profited at the Expense of Clients, and Improperly Shared Customer Information Credit Suisse Executives Encouraged Traders to Engage in Front Running, Which Deceived and Disadvantaged Customers The Bank Will Also ...
A Former Credit Suisse Banker Has Pleaded Guilty in an U.S. Offshore Tax Case
July 20th, 2017
A former Credit Suisse Group AG banker from Switzerland pleaded guilty on Wednesday to participating in a wide-ranging scheme to help Americans hide millions of dollars in offshore accounts to evade U.S. taxes. Susanne Rüegg Meier, a former manager ...
Financial Penalties Imposed on Credit Suisse and UOB for 1MDB-Related Transactions
May 30th, 2017
The Monetary Authority of Singapore (MAS) announced today that it has completed its two-year review of banks involved in 1MDB-related transactions known to-date. In its latest regulatory actions, MAS has imposed financial penalties on Credit Suisse and United Overseas ...
Credit Suisse pays $170,000 in infringement notice penalty
March 15th, 2017
Credit Suisse Equities (Australia) Limited (Credit Suisse) has paid a penalty of $170,000 to comply with an infringement notice from the Markets Disciplinary Panel (MDP). The MDP had reasonable grounds to believe that Credit Suisse had contravened subsection 798H(1) of ...
This is the biggest risk for Europe as Credit Suisse said
March 13th, 2017
France’s Marine Le Pen is the biggest risk to European stability, Credit Suisse said in a guide launched Thursday to help investors navigate the upcoming “defining” months facing the continent. Analysing possible outcomes in the Dutch, French and German ...
Credit Suisse (UK) Limited appoints new CEO
March 6th, 2017
Credit Suisse appointed Christian Berchem as Chief Executive Officer of Credit Suisse (UK) Limited, the UK Private Banking business, effective June 7, 2017, subject to regulatory approval. Christian will be responsible for ensuring that the platform continues to drive ...
Credit Suisse Group announces 4Q16 and FY16 results
February 14th, 2017
Credit Suisse announces fourth-quarter and full-year 2016 results with strong asset inflows and increased margins, highlighting the strength, diversification and scale of the Wealth Management platform. Rightsizing of GM is substantially completed with good momentum in 4Q16 and strong ...
