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credit suisse

A collection of 4 posts

Credit Suisse's emergency rescue could cost all of Switzerland's citizens $13,500 each

Per Bloomberg The UBS Group AG is poised to take over Credit Suisse Group AG, and the Swiss government has promised 109 billion francs, around $118 billion USD, to backstop the emergency sale. This would cost every Swiss citizen 12,500 Swiss francs, or $13,500 USD. Switzerland is a

Credit Suisse bankers flood recruiters with job inquiries ahead of UBS Group AG takeover

Per Bloomberg Credit Suisse bankers are now flooding recruiters with job inquiries ahead of the bank takeover. This comes as UBS Group AG is set to acquire the Swiss lender. According to sources from over a dozen firms, headhunters and other rival lender companies have experienced an influx of calls

Credit Suisse caves in to pressure as it decides to drop its anti-money-laundering controls in Asia

Per Bloomberg Credit Suisse has decided to lighten its push regarding anti-money-laundering controls in Asia after receiving complaints from clients and bankers. This included executives needing to approve verifications on their clients' source of wealth. The ease in requirements happened late in 2022 as the company has also decided

US Spoofing Trial Convicts Ex-JPMorgan, Credit Suisse Trader of Wire Fraud

Per Reuters A previous JPMorgan, Credit Suisse trader is now charged with wire fraud in a US spoofing trial after initially indited but having his charges dropped in 2019. Now, Christopher Jordan, 51, was found guilty of illegal trading activity. Jordan worked from Mar 2006 - Dec 2009 at JPMorgan