June 30, 2016 - Credit Suisse takes private banking into the digital age
Fifteen months on the from the initial roll out of its digital private banking platform in Singapore, Swiss bank Credit Suisse is launching an upgraded version for high net worth clients in Hong Kong.
June 24, 2016 - Credit Suisse (CS) Under Justice Dept. Probe
Legal hassles continue for Credit Suisse Group AG CS as the Swiss banking giant is under Justice Department scrutiny for its operations in Israel.
June 23, 2016 - Credit Suisse faced with US probe for helping Israeli clients evade taxes
The investigation of the Israel accounts could lead to new charges in the US against Credit Suisse and its bankers. A new Justice Department case could also result in harsh regulatory scrutiny.
June 23, 2016 - Ex-banker pleads guilty to helping Americans evade taxes
The 48-year-old Italian citizen and Swiss resident pleaded guilty on Wednesday in the Eastern District Court of Virginia. He was a relationship manager at Credit Suisse and helped US citizens conceal their assets and income in secret Swiss bank accounts between 2002 and 2009. He managed a portfolio of around $700 million for Americans residing in the West Coast and helped them evade taxes in the range of $1.5 million to $3.5 million.
June 17, 2016 - Credit Suisse: Facebook for the Ultra-Rich
The plan is for Credit Suisse to eventually enter U.S. private banking again, a market the bank officially stepped away from last year when it sold its U.S. wealth unit to Wells Fargo as part of a major overhaul to bolster capital.
June 17, 2016 - Shuttered Geneva offices show impact of lost banking secrecy
“The disappearance of international private banks has left an eerie silence in some of the downtown offices that were once the top end of the market,” said Raphael Reginato, who works in the city as a broker at real estate asset manager AMI International. “Geneva’s not the magnet for international finance it used to be.”
June 10, 2016 - Legal Risks Threaten UBS and Credit Suisse
Specifically, Sigee expects the litigation for investment banking for UBS, Credit Suisse and Deutsche Bank will rise considerably in coming years. He expects that efforts to settle a U.S. residential mortgage-backed securities case to cost the Swiss firms $2 billion each.
May 25, 2016 -- Swiss regulator may penalise six banks
“Here you have banks involved with headquarters in the UK, in the US, in the Middle East and in Switzerland,” said Mr Branson, a Briton who worked at Credit Suisse Group AG and UBS Group AG before joining Finma.
May 25, 2016- Credit Suisse to close Panama private banking office
Credit Suisse is in the process of closing its Panama office, with cost inefficiency and asset loss cited as the main causes, Citywire Americas understands.
May 25, 2016- Credit Suisse to close Panama private banking office
Credit Suisse is in the process of closing its Panama office, with cost inefficiency and asset loss cited as the main causes, Citywire Americas understands.
April 22, 2016 - Deutsche Bank, Credit Suisse Ordered to Hand Over Records of Dealings with Panama Law Firm in Connection to “Panama Papers” Investigation
Deutsche Bank AG (NYSE:DB) and Credit Suisse (CS) are among banks the New York Department of Financial Services (NYDFS) have asked to hand over communications, telephone records and details of other dealings involving the Panama law firm Mossack Fonseca, according to a report on Reuters.
March 17, 2016 - Netherlands requests Dutch citizens’ Swiss bank data
“If you have savings, whether in Switzerland or the Netherlands, you have to pay taxes on them,” she said. “There was no possibility of checking in Switzerland in the past, but now we have an agreement with Switzerland.”
March 28, 2016 - Palantir and Credit Suisse Team Up to Track Down Rogue Traders
Palantir Technologies built its reputation tracking down criminals and terrorists for the likes of the FBI and CIA. Through a joint venture with Credit Suisse ( csgkf ) , the secretive big data startup will now turn its analytics tools on rogue traders, using software to identify patterns of behavior indicative of unauthorized and unlawful trading.
March 10, 2016 - Credit Suisse probed in Italy in tax evasion case
Italy’s finance police are in the process of verifying the position of some 13,000 Credit Suisse clients, although not all will be put under investigation, judicial sources said.
March 7, 2016 - Credit Suisse wealth head has a tough task
To make his mark, Khan, who recently turned 40, is forging back into emerging markets once written off by Credit Suisse. He is hiring hundreds of new bankers, pressing clients with undeclared assets to come clean and rebuilding a business in western Europe recently drained by regional tax-evasion crackdowns.