Credit Suisse agreed to pay $885m to settle lawsuits by the U.S. Federal Housing Finance Agency over mortgages sold to Fannie Mae and Freddie Mac.
Credit Suisse Group is a world-leading financial services company, advising clients in all aspects of finance, around the world, around the clock.
Regulators have fined a trader more than £660,000 ($1.09m) for deliberately manipulating the UK bond market.
Analysts at HSBC’s house broker have advised clients to sell the shares of the lender, warning of the risks to the bank from a slowdown in Asia.
U.S. Senators Carl Levin and John McCain have urged the Justice Department to seek extradition of about 30 Swiss bankers and others who are charged with enabling offshore tax evasion and haven’t appeared in federal courts.
Bank of America, Citigroup and Credit Suisse were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance for allegedly manipulating the London interbank offered rate from 2007 to 2011.
Credit Suisse's headquarters in Germany was one of the offices raided by German authorities last month as part of an investigation into insider trading, a spokeswoman for the state prosecutor's office in Stuttgart said.
Credit Suisse is deploying investment bankers to woo African entrepreneurs as the bank tries to build its wealth-management business on the continent.
A former Credit Suisse banker pleaded guilty on Wednesday to conspiring to help U.S. customers evade taxes by using Swiss accounts, and said he did so with the encouragement of his superiors, according to documents filed in court.
A former banker at a Credit Suisse unit facing a July 2011 indictment on a tax conspiracy charge is scheduled to plead guilty Wednesday in federal court in Virginia, according to court records.
Harley Bassman, a Managing Director at Credit Suisse’s securities arm who calls himself 'The Convexity Maven', said he is leaving the bank.
Hot on the heels of the announcement that JPMorgan has spurned Canary Wharf and has chosen the 'Square Mile' for its new European HQ (St Alphage House in London Wall), most of the interest centres around the fact that, of the 1 million square feet that makes up the new building, there will be four giant trading floors of some 72,000 square feet each.
It's the regulations, stupid.
Credit Suisse has announced that DLJ Merchant Banking Partners, the bank’s mid-market leveraged buyout business, has spun off into an independent advisory firm, aPriori Capital Partners L.P., established by the existing DLJ MBP management team led by Colin Taylor and Susan Schnabel.
Royal Bank of Scotland has hired Ewen Stevenson from Credit Suisse as Chief Financial Officer.
The Associated Press has reported that Vadim Benyatov, the Credit Suisse banker who was arrested in Romania in November on commercial espionage charges, has finally been freed from clink after a successful appeal. He will, however, be required to remain in the country for a further 30 days, while prosecutors conclude their investigations.
Dealbreaker reports that, a couple of weeks back, a New York-based second year Credit Suisse technology analyst is said to have returned to the office (apparently over the weekend) rather the worse for wear, and trashed a colleague's work space (see pic to the right, which was seemingly taken by a member of the firm's HR Department for the employee's file).
We've called in the services of Ivana Takitall, author of the best-selling 'Bankers, Bonuses & Big Divorce Settlements', who has agreed to rate 12 top financial markets firms in terms of how likely they are to provide single females with their perfect partner.
High drama at one top firm ?