Search Results for: Credit Suisse
Pound Sterling to Avoid a 10% Hit Against the Euro and Dollar say Credit Suisse
January 19th, 2017
Pound to Euro exchange rate today: 1.1560 Euro to Pound Sterling exchange rate today: 0.8652 Pound to Dollar exchange rate today: 1.2324 Pound Sterling was forecast to take another 10% slump on hard-Brexit manifesting itself according to Credit Suisse ...
Credit Suisse reached a settlement for its RMBS business
December 23rd, 2016
Credit Suisse announced today that it has reached a settlement in principle with the U.S. Department of Justice (DOJ) related to its legacy Residential Mortgage-Backed Securities (RMBS) business – a business conducted through 2007. This settlement would release Credit ...
Washington proposes $7bn fine on Credit Suisse in mortgage claims
December 21st, 2016
The US Department of Justice (DOJ) has asked Credit Suisse to pay a $5 billion-$7 billion penalty over its sale of toxic mortgage securities in the wake of the 2008 financial crisis, Reuters reported. The Swiss bank has reportedly ...
FINRA fined Credit Suisse Securities USA $16.5 million for AML and other violations
December 6th, 2016
The Financial Industry Regulatory Authority (FINRA) announced today that it has fined Credit Suisse Securities (USA) LLC $16.5 million for anti-money laundering (AML), supervision and other violations. FINRA found that Credit Suisse’s suspicious activity monitoring program was deficient in ...
Credit Suisse Faces Tax Probe Over Undeclared Accounts
November 22nd, 2016
U.S. asks why bank didn’t reveal ‘toxic’ assets, people say Bank paid record fine in 2014 for helping Americans skirt IRS When Credit Suisse AG pleaded guilty in 2014 to helping Americans cheat on their taxes, it promised to help the ...
Financial adviser banned for price manipulation of MINI warrants issued by Credit Suisse
November 10th, 2016
On 8 September 2016, ASIC banned Michael Spencer, formerly a financial adviser, from providing financial services for three years. ASIC found that Mr Spencer engaged in manipulation of the price of three types of MINI warrants issued by Credit ...
Credit Suisse posts positive results for 3Q 2016
November 3rd, 2016
Group reported PTI of CHF 222 million, up 12% compared to 2Q16 Group adjusted* PTI of CHF 327 million, up 13% compared to 2Q16 Combined reported PTI of CHF 1,155 million (adjusted* CHF 847 million) for APAC, SUB and IWM Adjusted* ...
Credit Suisse Paying $90 Million to settle charges
October 6th, 2016
The Securities and Exchange Commission today announced that Credit Suisse AG has agreed to pay a $90 million penalty and admit wrongdoing to settle charges that it misrepresented how it determined a key performance metric of its wealth management ...
ASIC: Credit Suisse Equities paid a $74,000 penalty
May 20th, 2016
Credit Suisse Equities (Australia) Limited (“Credit Suisse”) has paid a penalty of $74,000 to comply with an infringement notice given to it by the Markets Disciplinary Panel (“MDP”). The MDP had reasonable grounds to believe that Credit Suisse contravened ...
Credit Suisse announces 1Q16 results
May 11th, 2016
Significant cost savings across the bank, and profitable growth and net asset inflows in APAC, IWM and Swiss UB. Stable capital position at 11.4% Highlights 1Q16 financial performance Group reported pre-tax loss of CHF 484 million (adjusted*: CHF 173 ...
