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The report that landed on the desks of Credit Suisse executives was a bombshell: Sanjeev Gupta, a global steel tycoon and one ...
A report compiled by private investigators for Credit Suisse alleges the steel tycoon was a clear participant in major fraud, ...
UBS must face two lawsuits by investors who said the former Credit Suisse defrauded them prior to its March 2023 demise with ...
U.S. District Judge Colleen McMahon found that Core Capital Partners Ltd., represented by Pomerantz LLP and Bronstein Gewirtz ...
Credit Suisse to borrow about $54 billion from Swiss central bank ‘Decisive action’ announced to calm investors’ fears Last Updated: March 15, 2023 at 9:43 p.m. ET First Published: March 15 ...
Credit Suisse, which is among the 30 most important banks in the global financial system, has been on the ropes for years following a series of scandals, huge losses and strategic missteps.
But Credit Suisse has seen its shares fall by 84% over the past two years, with UBS instead seeing its stock soar by 15%. As Switzerland’s second biggest bank, Credit Suisse employed more than ...
Since 2000, Credit Suisse has been fined by regulators for a total of $11.4 billion, nearly four times what UBS paid to acquire it. JESSE GRIFFITHS: So it was a bad bank or a bank that had had ...
The fallen banking giant Credit Suisse, now a part of UBS, admitted to hiding billions of dollars from the I.R.S. By Rob Copeland In “Meltdown,” Duncan Mavin describes the grand rise and ...
Credit Suisse said Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group ...
Credit Suisse will pay about $511 million after pleading guilty in a criminal case for having conspired with American taxpayers to hide more than $4 billion in at least 475 offshore accounts.
Credit Suisse was one of many Wall Street banks that traded with Archegos, the private investment firm of Bill Hwang, a former star money manager. Yet it lost $5.5 billion, far more than its rivals.