All Credit Suisse articles – Page 4

  • Blog

    Hiring and the FCPA

    2018-07-09T11:30:00Z

    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.

  • Blog

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

    2018-06-08T11:30:00Z

    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.

  • Blog

    Deutsche Bank, Credit Suisse reach combined $12.5B settlements

    2017-01-18T14:00:00Z

    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.

  • Blog

    Credit Suisse to pay $90M for misrepresenting performance metric

    2016-10-11T09:45:00Z

    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.

  • Blog

    Credit Suisse CEO Ousted After Tax Plea

    2015-03-11T09:45:00Z

    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.