The judges looked at whether Credit Suisse and the former employee did enough to prevent an alleged Bulgarian cocaine trafficking gang from laundering profits through the bank from 2004 to 2008.
This weekend marks the first anniversary of the scariest moment in European banking of the past decade. It was a testing time ...
BELLINZONA, Switzerland (Reuters) -A former Credit Suisse banker testifying in a cocaine money laundering trial on Wednesday said she had followed the instructions of her bosses in doing business ...
Credit Suisse, which was Switzerland's second-biggest bank, was also fined $2 million in a money laundering case linked to a Bulgarian cocaine network. Click here to read more about it.
Credit Suisse executives could be probed and disciplined ... and it was fined $2 million for laundering cocaine cash for Bulgarian criminals last year. "CS had a cultural problem that translated ...
ZURICH, Feb 23 (Reuters) - Switzerland's parliamentary inquiry into Credit Suisse's collapse and takeover by UBS (UBSG.S), opens new tab said on Friday it had filed a criminal complaint with the ...
If all goes as planned, Credit Suisse will be absorbed into UBS, ending a 167-year history. The Swiss bank was for decades one of the flagships of European finance and a source of pride for ...
In March 2023, Credit Suisse collapsed. An uncontrolled bankruptcy could only be prevented by big government aid and an emergency merger with competitor UBS. Switzerland is now waiting for a ...
Credit Suisse is definitely sinking into the crisis. The emergency plan, launched in October, already seems to be far away, as the bank's difficulties do not seem to want to go away.
LONDON/ZURICH, March 15 (Reuters) - A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders' vulnerabilities - including in Switzerland ...
"Credit Suisse is pleased to have reached an agreement ... the bank was convicted of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, while a Bermuda court ruled ...
UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as part of efforts to ...