All Credit Suisse articles

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    Credit social media giants for prepping for election chaos


    Silicon Valley’s social media heavyweights deserve a nod for “war-gaming” potential misinformation scenarios in advance of November’s elections, while McDonald’s again finds itself on our “Not Lovin’ It” list.

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    Credit Suisse faces FINMA enforcement in corporate espionage case


    Credit Suisse is learning the hard way that spying on former colleagues is frowned upon, following announcement of an enforcement proceeding against the Zurich-based bank by the Swiss Financial Market Supervisory Authority.

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    Credit Suisse combines risk and compliance, adds sustainable investing unit


    Credit Suisse has combined separate risk and compliance heads into one board-level position, part of a shakeup of the bank’s corporate structure that includes a renewed emphasis on sustainable investing.

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    Credit Suisse to pay SEC $10M for mishandling retail customer orders


    Credit Suisse will pay $10 million to settle charges brought by the SEC and the Office of the New York Attorney General regarding material misrepresentations and omissions made in connection with its now-closed Retail Execution Services business’ handling of certain customer orders.

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    Deutsche Bank latest to come under fire for lax AML controls


    Deutsche Bank has become the fourth bank in the past month to get into regulatory trouble for having lax anti-money laundering controls in place, joining Danske Bank, ING, and Credit Suisse.

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    Hiring and the FCPA


    The Credit Suisse FCPA enforcement action reminds us all again that it is not the hiring of family members or close friends of a foreign government official or employee of a state-owned enterprise that is illegal under the FCPA, only those hires made with corrupt intent.

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    Credit Suisse to pay $47M in FCPA fines over hiring practices


    Credit Suisse has become the latest financial institution to pay a penalty—to the tune of $47 million—and enter a non-prosecution agreement with the Department of Justice concerning questionable hiring practices in the Asia Pacific region.

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    Deutsche Bank, Credit Suisse reach combined $12.5B settlements


    Deutsche Bank and Credit Suisse last month agreed to pay a combined $12.5 billion in penalties related to the packaging, securitization, marketing, sale, and issuance of residential mortgage-backed securities, whereas Barclays and several of its U.S. affiliates are battling a civil complaint over similar claims. Jaclyn Jaeger reports.

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    Credit Suisse to pay $90M for misrepresenting performance metric


    Credit Suisse has agreed to pay a $90 million penalty and admit wrongdoing to the SEC to settle charges that the company misrepresented how it determined a key performance metric of its wealth management busines. Jaclyn Jaeger has more.

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    Credit Suisse CEO Ousted After Tax Plea


    Credit Suisse CEO Brady Dougan is stepping down after the bank pleaded guilty to criminal charges and violation of U.S tax laws, which resulted in $2.8 billion in fines by U.S regulators. The Swiss bank named Tidjane Thiam, Prudential’s current CEO, as Dougan’s successor. More inside.