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by Nathalie OLOF-ORS Agence France Presse ZURICH, Switzerland (AFP) — The “Suisse Secrets” data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland’s financial sector, which has spent years trying to clean up its image. Switzerland’s second largest bank was rocked Sunday by a vast investigation by dozens of media organisations into leaked data they said showed Credit Suisse held more than $8 billion […]
VATICAN CITY (AFP) — The trial of a once powerful Catholic cardinal and nine others resumes Tuesday at the Vatican over alleged financial fraud and a disastrous London property deal paid for with charity funds. Cardinal Angelo Becciu, who served as the equivalent of chief of staff for Pope Francis at the time of the deal and was later fired from another post, is being tried alongside high-rolling London-based financiers and other Church employees. […]
WASHINGTON, United States (AFP) – Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates. The settlement Tuesday followed a federal judge’s ruling in March admitting the class action lawsuit brought by investors and pension funds against the banks. In all about 15 banks were named in the suit […]
WASHINGTON, United States (AFP) — Seven big banks, including Bank of America, JP Morgan, Credit Suisse and Deutsche Bank, have agreed to pay a total of $324 million to settle a lawsuit accusing them of market manipulation of interest rates. The settlement Tuesday followed a federal judge’s ruling in March admitting the class action lawsuit brought by investors and pension funds against the banks. In all about 15 banks were named in the suit for […]
(Reuters) – Credit Suisse on Monday became the largest bank in 20 years to plead guilty to a U.S. criminal charge, and will pay a $2.5 billion fine to authorities for helping Americans evade taxes, Attorney General Eric Holder said. But the Swiss bank escaped the worst for its business – its top management stayed in place, and the New York state bank regulator said it had decided not to revoke the bank’s license […]
