Search Results for: Credit Suisse
Execs of Credit Suisse’s China partner summoned
January 7th, 2015
The parent of Founder Securities, Credit Suisse AG‘s brokerage venture partner in China, said four of its executives were ordered to cooperate with an official investigation, stirring concerns as a dispute heats up with a major shareholder. Neither Founder ...
Money Moves, India Tax Evaders, Credit Suisse: Compliance
June 10th, 2014
The U.S. Treasury Department said it sets limits while giving the nation’s intelligence agencies access to reports that banks file on suspicious or large money moves by customers, including information about Americans. The Treasury, saying it was responding to ...
NY bank regulator Lawsky seeks documents from Credit Suisse: source
April 7th, 2014
Benjamin Lawsky, New York’s financial services superintendent, has sought documents from Credit Suisse to examine whether Switzerland’s second-biggest bank lied to New York authorities about engineering tax shelters, said a source familiar with the matter. Switzerland’s private banking model ...
Banks Finalize $1.86 Billion Credit-Swaps Settlement
October 2nd, 2015
Suit claimed banks conspired to prevent competition Wall Street’s biggest banks have agreed to pay $1.86 billion to settle accusations that they conspired to prevent competition in the credit-derivatives markets, according to plaintiff lawyers in the private lawsuit. Twelve ...
Emerging market stocks began the second quarter with strong gains
April 2nd, 2021
Emerging market stocks began the second quarter with strong gains on Thursday as data signalled a steady global economic recovery from a coronavirus-driven recession, while currencies eased under pressure from a firmer dollar. A basket of emerging market equities ...
Inflation watch: Beware the ides of March
March 12th, 2021
President Biden has now had his $1.9 trillion stimulus package passed into law, and it will not be the last in the current fiscal year. Covid is not over and is sure to resurge with new variants next winter. ...
European stocks are breaking from the overnight trend in Asia; The biggest movers
October 16th, 2020
European markets advanced on Friday morning, looking to bounce back from steep losses in the previous session, with the rapid spread of coronavirus through the continent remaining on investors’ radar. The pan-European Stoxx 600 climbed 0.8% by mid-morning trade, ...
Gold Is Now “Unobtanium”
March 30th, 2020
The Wall Street Journal just published the kind of article gold bugs dream of seeing in the mainstream press. Here’s an excerpt: “Coronavirus Sparks a Global Gold Rush Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium.’ ...
Swiss regulator fines banks for fixing forex trading
June 14th, 2019
Five banks have been fined a total of 90 million Swiss francs ($90.5 million) for colluding to rig the multi-trillion dollar foreign exchange market, Switzerland’s competition authority said on Thursday. The Swiss fines come on top of 1.07 billion ...
European shares dipped on Friday
October 1st, 2018
European shares dipped on Friday after the Italian government agreed to set a higher than expected budget deficit target that could put Rome on a collision course with Brussels. Shares in Italian banks, whose big sovereign bond portfolios makes ...
