A group of Credit Suisse bondholders representing billions of dollars in high-risk debt that was wiped out in the bank's rescue takeover by rival UBS are suing Switzerland's banking regulator, their lawyers said Friday.
Fresh allegations over a major spying scandal that cost the head of Credit Suisse his job emerged on Sunday as Swiss media reported another alleged spying case.
Credit Suisse reached an out-of-court settlement with former star wealth manager Iqbal Khan over a spying scandal that cost the scalp of the then-chief executive, Switzerland's second-biggest bank said Sunday.
An internal Credit Suisse probe confirmed Monday that a second executive had been spied on, following earlier revelations that the bank's former head of wealth management was tailed by private investigators.
Credit Suisse said Tuesday that a top executive had resigned after assuming responsibility for the bank's decision to spy on a star banker after he jumped ship to competitor UBS.
Credit Suisse said on Wednesday its first-quarter net profit rose by 8 percent, with its efforts to focus on
wealth management helping balance out problems in investment banking.
Credit Suisse said Friday it was deceived by three former employees accused by US prosecutors of orchestrating $2 billion in dodgy loans to Mozambique, and pledged to cooperate with a US investigation.
Credit Suisse showed serious "deficiencies" in its efforts to prevent money laundering when dealing with Fifa, Brazilian oil giant Petrobras and Venezuela's state energy company, Switzerland's
financial watchdog said on Monday.
Credit Suisse agreed to pay $77 million to US authorities after admitting it hired the under-qualified relatives of influential Chinese officials in order to win business, the government announced on Thursday.
Swiss banking giant Credit Suisse said
Wednesday it would pay a $47-million penalty to avoid prosecution following a vast US probe into big banks' hiring the children of powerful Chinese
officials.
Swiss banking giant Credit Suisse on Wednesday posted a big jump in net profit for the first quarter, as a major overhaul under way since 2015 delivers firm results.
Credit Suisse, Switzerland's second-biggest bank, said on Thursday that its net profit soared in the third quarter as it makes progress with an ambitious restructuring and cost-cutting programme.
Credit Suisse barred its traders from transacting some Venezuelan government bonds and required other Venezuela-connected transactions to undergo a special review for reputational risk, a bank spokesman said on Thursday.
Singapore said on Tuesday it had fined Credit Suisse and a local lender for breaches of the city-state's anti-money
laundering laws relating to a corruption scandal at Malaysian state fund 1MDB.
Credit Suisse's chief and other top
executives offered on Friday to have their bonuses slashed by 40 percent,
following investor concern over the size of their proposed compensation
packages.
US authorities on Wednesday announced a $5.28 billion settlement with the Swiss banking giant Credit Suisse, adding to the list of loose ends being wrapped up as Washington prepares to install a new president.
Credit Suisse said on Friday it had reached an agreement with US authorities to pay almost $5.3 billion to settle disputes over the sale of mortgage-backed securities.
Credit Suisse, Switzerland's second-biggest bank, said on Thursday it defied market expectations by posting a profit amid a vast cost cutting programme.
Credit Suisse bounced back into profit in the second quarter of 2016, earning 170 million Swiss francs ($172 million, 156 million
euros), as it reported making progress on a major restructuring programme.
Plunging client activity and difficult market conditions sent Credit Suisse into a net loss of 302 million Swiss francs (273
million euros, $311 million) in the first quarter, the bank said on Tuesday.
The CEO of Credit Suisse said on Tuesday the bank does not endorse offshore accounts for tax avoidance or shady dealings, the latest bank to defend itself against accusations made in the Panama Papers leak.
Swiss banking giant Credit Suisse says it is aiming to cut an extra almost $1 billion in costs and slash thousands more jobs as it beefs up an ongoing restructuring programme.
