Credit Suisse

Feds Sue BofA, JPMorgan, Others Over Toxic Mortgage Bonds

AP | Posted 05.22.2012

Read More: Federal Deposit Insurance Corp., Fdic, Mortgage Securities, Bank of America, Mortgage Crisis, Royal Bank of Scotland, Hsbc, Deutsche Bank, Ubs, JPMorgan Chase, Video, Credit Suisse, Strategic Capital Bank, Citizens National Bank, Fdic Sues, Ap, Citigroup, Business News

WASHINGTON (AP) — The government has sued several big banks over toxic mortgage securities they issued that were bought by two small Illinois banks ...

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Ex-Tyco Executive Who Looted Company Now Says He's Owed $60 Million

The Huffington Post | Harry Bradford | Posted 05.09.2012

Read More: CEO Pay, Firstmerit, Tyco, Barclays, Fraud, Aviva, Vikram Pandit, Video, Mark Swartz, Andrew Moss, Credit Suisse, Pay Packages, CEO Compensation, Edward Breen, Dennis Kozlowski, Citigroup, Wellpoint, Business News

Even after being convicted for bilking his former employer for millions, one ex-executive is suing the company from behind bars, claiming he's still o...

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Bank Shareholder On CEO Pay: 'You Should Be Ashamed'

Reuters | Posted 04.28.2012

Read More: Video, Credit Suisse, Association of British Insurers, Wells Fargo, Reuters, Shareholder, Banks, ITV News, Banking Sector, Barclays, Business News

* 31.6 pct vote against Credit Suisse pay plan * 26.9 pct vote against Barclays executive pay * Investors angry at payou...

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Automakers Speed Up Search To Replace Crucial Material

AP | DEE-ANN DURBIN | Posted 04.24.2012

Read More: Fuel, Automakers, Video, Honda Motor Co., General Motors, Credit Suisse, Ford Motor Co., Chrysler Group, Hyundai-Kia, Brakes, Resin, Automotive Industry Action Group, Volkswagen AG, Business News

DETROIT — Six major automakers and 19 suppliers are close to agreeing on a fast-track process for testing replacements for a resin that's in dan...

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Goldman's Struggles Mount

Reuters | Posted 04.13.2012

Read More: Goldman Sachs Investment Banking Revenue, Goldman Sachs, JPMorgan Chase, Video, Goldman Sachs Struggles, Investment-Bank-Revenue, Credit Suisse, Reuters, Business News, Goldman Sachs Investment Bank, Big Banks, Business News

LONDON, April 12 (Reuters) - U.S. group JPMorgan kept its top position in investment banking revenue last year, with Goldman Sachs and Credit Suiss...

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Equity Volatility and the Price of Oil

David Crisanti | Posted 05.27.2012

Read More: Credit Suisse, Credit Suisse Traders, Credit Suisse Oil Prices, Credit Suisse Oil, Tvix, Business News

The story starts in the fall of 2011 with the spike in concern over Iran's nuclear program and what Israel or even the U.S. might do as a pre-emptive measure.

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Big Bank Executive Sought Romney Donations From Subordinates

Reuters | Posted 05.02.2012

Read More: Mitt Romney, Credit Suisse, Romney Credit Suisse, Romney Wall Street, Contributions Banks, Romney Banks, Reuters, Video, Business News

By Tom Bergin and Mark Hosenball March 2, LONDON (Reuters) - A Credit Suisse executive set off an email chain seeking donations from s...

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Federal Reserve Conducts Another Secret Sale Of AIG Assets

The Huffington Post | Bonnie Kavoussi | Posted 02.28.2012

Read More: Credit Suisse Group AG, Video, Credit Suisse, Federal Reserve, Aig, New York Fed, Maiden Lane II, American International Group, New York Federal Reserve, Maiden Lane, New York Federal Reserve Bank, Business News

The Federal Reserve gave just five banks the chance to bid on taxpayer-owned AIG assets -- again. It's just the latest secret sale of the toxic mor...

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Another Big Bank Plans To Hand Out Out Pink Slips

The Huffington Post | D.M. Levine | Posted 02.24.2012

Read More: Layoffs, Wall Street Job Cuts, Bank Layoffs, Video, Wall Street Layoffs, Wall Street, Credit Suisse, Downsizing, Swiss Banks, Banks, Big Banks, Credit Suisse Layoffs, Business News

Wall Street keeps shrinking. Credit Suisse will begin laying off employees in New York the second week of March, according to a company filing with...

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Major Bank Struggles After U.S. Tax Probe

Reuters | Posted 04.10.2012

Read More: Layoffs, European Debt Crisis, Deutsche Bank, Goldman Sachs, Ubs, Video, Credit Suisse, Jpmorgan, Reuters, Euro Zone, U.S. Tax Probe, Financial Regulation, Business News

(Refiles to fix headline) * Q4 net loss 637 mln Sfr vs 430 mln Sfr net profit in poll * Q4 includes 981 mln Swiss francs...

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Possible Cartel Behavior By UBS And Credit Suisse?

AP | Posted 02.03.2012

Read More: Interest Rates, Citigroup Inc., Rabobank Groep N.V., Derivatives, Royal Bank of Scotland Group PLC, Bank of Tokyo-Mitsubishi UFJ, Ubs, Video, Tokyo Interbank Offered Rate, London Interbank Offered Rate, Credit Suisse, Sumitomo Mitsui Banking Corporation, Swiss Competition Commission, Mizuho Financial Group Inc., Societe Generale SA, Deutsche Bank AG, JP Morgan Chase & Co., HSBC Holdings Plc, Business News

BERN, Switzerland -- The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks incl...

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Bond Trader Prosecutions Too Little, Four Years Too Late

Mark Gongloff | Posted 04.02.2012

Read More: Financial Fraud, Cdos, Credit Suisse, Credit Suisse Traders, Financial Crisis, Global Financial Crisis, Mortgage-Backed Securities, Business News

Four years ago, Barack Obama was not yet even the Democratic nominee for president. Today he's running for reelection, and his Justice Department is expected to bring criminal charges against some former Credit Suisse traders for fraud they allegedly committed four years ago. We can hope this is the only the beginning of an aggressive new campaign to root out the malfeasance that helped bring down the financial system, but for now it feels like too little, four years too late.

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Ex-Credit Suisse Trader Pleads Guilty To Misleading Investors During Financial Crisis

AP | LARRY NEUMEISTER | Posted 04.02.2012

Read More: Business News, Subprime Mortgage Fraud, Video, Financial Crimes, Subprime Mortgages, Credit Suisse, David Higgs, Subprime Mortgage Crisis, David Higgs Ex Credit Suisse Trader, Business News

NEW YORK — The desire to fatten year-end bonuses motivated a Credit Suisse executive and two of his employees to conspire to hide the deteriorat...

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U.S. To Charge Four Ex-Traders With Fraud Related To Subprime Morgages

Reuters | Posted 04.01.2012

Read More: Fraud, Credit Suisse Traders Fraud, Video, Subprime Mortgages, Credit Suisse, Derivatives, Subprime Mortgage Crisis, Reuters, Business News, Financial Crisis, Financial Crimes, Business News

* Four former Credit Suisse traders expected to be charged -sources * Credit Suisse cooperating with investigators -sources ...

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The Latest Bankers To Hear Bad Bonus News

The Huffington Post | Bonnie Kavoussi | Posted 03.27.2012

Read More: Merrill Lynch, Bank of America Merrill Lynch, Video, Credit Suisse, Wall Street, Bank Compensation, Bank of America, Banks, Bonuses, Wall Street Pay, Wall Street Bonuses, Bank Bonuses, Wall Street Compensation, Business News

As Wall Street adjusts to a less profitable chapter in its history, bankers may be finally feeling the pain that many American workers have known for ...

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Case Reveals Potential Tax Evasion Links At Swiss Banks

Reuters | Posted 03.06.2012

Read More: Wolfsberg Group, Video, Switzerland, Irs, Credit Suisse, Internal Revenue Service, Reuters, Swiss Banks, Conspiracy, Wegelin, Basler Kantonalbank, Tax Evasion, Justice Department, Offshore, UBS AG, Senate Permanent Subcommittee on Investigations, Business News

* Indictment of 3 Wegelin bankers highlights ties * Inter-bank links key to U.S. tax evasion crackdown * Authorities eye...

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Big Swiss Bank To Give Up Spot In Investment Banking's Top Ten

Posted 12.23.2011

Read More: Ubs, Finma, Basel, Job Cuts, Credit Suisse, CoCo Bonds, Swiss Banks, Reuters, Assets, Tax Evasion, Swiss National Bank, Video, Business News

UBS will sacrifice its place in the top ten investment bank rankings as stricter capital rules force it to give up riskier fixed-income business, ...

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U.S. Offers 11 Swiss Banks Deal To Avoid Criminal Prosecution On Tax Evasion

Posted 12.18.2011

Read More: Swiss Bank Tax Evasion, Ubs, Video, Credit Suisse, Swiss Banks, Swiss Bank Accounts, Business News, Tax Evasion Probe, Tax Evasion, Swiss Tax Evasion, Business News

ZURICH (Reuters) - U.S. officials are offering 11 Swiss banks, among them Credit Suisse , a deal that allows them to avoid criminal prosecution in...

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Swiss, U.S. Officials Inch Closer To Deal On Tax-Dodging Americans: Reports

Posted 12.11.2011

Read More: Irs Taxes, Video, Irs Switzerland, Julius Baer, Credit Suisse, Switzerland Tax Dodging, United States Taxes, Swiss Taxes, Switzerland US Taxes, US Tax Dodging, Business News

ZURICH - Swiss and U.S. officials have met in recent days in Berne to try to end a long-running dispute over wealthy Americans using secret Swiss ...

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Switzerland Adds Client Safety Net To U.S. Tax Evasion Agreement

Posted 11.16.2011

Read More: Ubs, Tax Haven, Video, Credit Suisse, Swiss Parliament, Swiss Banks, Tax Dodgers, Swiss Cabinet, Tax Evasion, Business News

The Swiss cabinet approved on Wednesday an amendment to a tax agreement with the United States to ensure that bank clients are properly informed a...

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Conservatism Blew Up the Economy

Cliff Schecter | Posted 01.14.2012

So what do you do when financial analysts are warning that housing prices are headed for a "triple dip," the second largest Swiss Bank (Credit Suisse)...

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Major Swiss Bank To Disclose Names Of U.S. Clients Suspected Of Tax Evasion

Posted 01.08.2012

Read More: Taxes, Swiss Banking, Credit Suisse Group AG, Video, Credit Suisse Tax Evasion, Credit Suisse, Credit Suisse u.s. Clients, Internal Revenue Service, Bank-News, Swiss Banks, Business News, Offshore Tax Havens, Offshore-Tax-Evasion, Tax Evasion, Business News

Credit Suisse AG, Switzerland's second-largest bank, has begun notifying certain U.S. clients suspected of offshore tax evasion that it intends to...

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Credit Suisse Announces Major Job Cuts

Posted 01.01.2012

Read More: Business News, Banking News, Credit Suisse Job Cuts, Bank Layoffs, Video, Credit Suisse, Big Banks, Swiss Banks, Business News

Credit Suisse (CSGN.VX) will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new ...

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Why We Are the 53% Fits Into We Are the 99%... Besides the Math

Edward Murray | Posted 12.17.2011

Read More: General Electric, Exxonmobil, George W. Bush, We Are the 99 Percent, We Are the 53%, Mbna, Obama, Ernst & Young, Josh Trevino, Fox News, Goldman Sachs, Bank of America, Merrill Lynch, Pricewaterhousecoopers, Cnn, Morgan Stanley, Unemployment, Credit Suisse, Lehman Brothers, Jesse Lagreca, Occupy Wall Street, Citibank, Erick Erickson, Bear Stearns, Corporations Who Pay No Income Tax, UBS AG, Politics News

Regardless of what tax bracket we are in, I think we can all agree that it is morally reprehensible that the current financial system is structured to allow easy purchase of, and control over, our elected officials.

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Swiss Banks Summoned To Hearing On Tax Evasion

Posted 12.16.2011

Read More: Switzerland, Video, Julius Baer, American Dod Taxes, America, Credit Suisse, Swiss Newspaper Nzz, Swiss Banks, Baslet Kantonalbank, United States, Business News

ZURICH - Swiss banks accused of helping Americans to dodge taxes have been summoned to a parliamentary committee hearing this week at which they w...

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