https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed A group of Credit Suisse bondholders representing billions of dollars in high-risk debt that was wiped out in the bank's rescue takeover by rival UBS are suing Switzerland's banking regulator, their lawyers said Friday. https://www.thelocal.ch/20230422/credit-suisse-bondholders-sue-swiss-regulator Sat, 22 Apr 2023 15:40:50 +0200 credit-suisse-bondholders-sue-swiss-regulator Fresh allegations over a major spying scandal that cost the head of Credit Suisse his job emerged on Sunday as Swiss media reported another alleged spying case. https://www.thelocal.ch/20211024/new-allegations-in-credit-suisse-spying-scandal-swiss-media Sun, 24 Oct 2021 16:52:06 +0200 new-allegations-in-credit-suisse-spying-scandal-swiss-media Credit Suisse reached an out-of-court settlement with former star wealth manager Iqbal Khan over a spying scandal that cost the scalp of the then-chief executive, Switzerland's second-biggest bank said Sunday. https://www.thelocal.ch/20210725/switzerlands-credit-suisse-settles-with-star-banker-over-spying-scandal Sun, 25 Jul 2021 23:02:18 +0200 switzerlands-credit-suisse-settles-with-star-banker-over-spying-scandal An internal Credit Suisse probe confirmed Monday that a second executive had been spied on, following earlier revelations that the bank's former head of wealth management was tailed by private investigators. https://www.thelocal.ch/20191223/probe-unearths-second-spying-case-at-credit-suisse Mon, 23 Dec 2019 12:48:42 +0100 probe-unearths-second-spying-case-at-credit-suisse Credit Suisse said Tuesday that a top executive had resigned after assuming responsibility for the bank's decision to spy on a star banker after he jumped ship to competitor UBS. https://www.thelocal.ch/20191001/credit-suisse-executive-resigns-following-spying-scandal Tue, 01 Oct 2019 16:17:44 +0200 credit-suisse-executive-resigns-following-spying-scandal Credit Suisse said on Wednesday its first-quarter net profit rose by 8 percent, with its efforts to focus on wealth management helping balance out problems in investment banking. https://www.thelocal.ch/20190424/credit-suisse-boosts-profits-switzerland-banking-finance Wed, 24 Apr 2019 23:58:25 +0200 credit-suisse-boosts-profits-switzerland-banking-finance Credit Suisse said Friday it was deceived by three former employees accused by US prosecutors of orchestrating $2 billion in dodgy loans to Mozambique, and pledged to cooperate with a US investigation. https://www.thelocal.ch/20190104/credit-suisse-pledges-cooperation-in-2-billion-us-fraud-probe Fri, 04 Jan 2019 14:04:58 +0100 credit-suisse-pledges-cooperation-in-2-billion-us-fraud-probe Credit Suisse showed serious "deficiencies" in its efforts to prevent money laundering when dealing with Fifa, Brazilian oil giant Petrobras and Venezuela's state energy company, Switzerland's financial watchdog said on Monday. https://www.thelocal.ch/20180917/swiss-watchdog-slams-credit-suisse-over-fifa-money-laundering Mon, 17 Sep 2018 15:41:52 +0200 swiss-watchdog-slams-credit-suisse-over-fifa-money-laundering Credit Suisse agreed to pay $77 million to US authorities after admitting it hired the under-qualified relatives of influential Chinese officials in order to win business, the government announced on Thursday. https://www.thelocal.ch/20180706/credit-suisse-us-chinese-princelings-probe Fri, 06 Jul 2018 12:29:54 +0200 credit-suisse-us-chinese-princelings-probe Swiss banking giant Credit Suisse said Wednesday it would pay a $47-million penalty to avoid prosecution following a vast US probe into big banks' hiring the children of powerful Chinese officials. https://www.thelocal.ch/20180606/credit-suisse-to-pay-47-million-to-settle-us-probe-into-china-nepotism Wed, 06 Jun 2018 16:48:48 +0200 credit-suisse-to-pay-47-million-to-settle-us-probe-into-china-nepotism Swiss banking giant Credit Suisse on Wednesday posted a big jump in net profit for the first quarter, as a major overhaul under way since 2015 delivers firm results. https://www.thelocal.ch/20180425/banking-credit-suisse-profit-soars-as-overhaul-pays-off-finance-switzerland Wed, 25 Apr 2018 13:04:59 +0200 banking-credit-suisse-profit-soars-as-overhaul-pays-off-finance-switzerland Swiss banking giant Credit Suisse reported Wednesday a sharp cut in its annual net loss despite US President Donald Trump's US tax reforms. https://www.thelocal.ch/20180214/banking-switzerland-credit-suisse-losses-narrow-to-1-billlion-despite-trump-tax-reforms Wed, 14 Feb 2018 09:58:43 +0100 banking-switzerland-credit-suisse-losses-narrow-to-1-billlion-despite-trump-tax-reforms Credit Suisse, Switzerland's second-biggest bank, said on Thursday that its net profit soared in the third quarter as it makes progress with an ambitious restructuring and cost-cutting programme. https://www.thelocal.ch/20171102/credit-suisse-reports-big-jump-in-net-profit Thu, 02 Nov 2017 11:08:33 +0100 credit-suisse-reports-big-jump-in-net-profit Being one of the world's wealthiest countries, in Switzerland financial planning starts young. https://www.thelocal.ch/20170830/swiss-bank-launches-digital-piggy-bank-to-teach-kids-how-to-handle-money Wed, 30 Aug 2017 10:17:19 +0200 swiss-bank-launches-digital-piggy-bank-to-teach-kids-how-to-handle-money Credit Suisse barred its traders from transacting some Venezuelan government bonds and required other Venezuela-connected transactions to undergo a special review for reputational risk, a bank spokesman said on Thursday. https://www.thelocal.ch/20170811/swiss-banks-reviews-and-restricts-venezuelan-trades Fri, 11 Aug 2017 10:46:50 +0200 swiss-banks-reviews-and-restricts-venezuelan-trades Singapore said on Tuesday it had fined Credit Suisse and a local lender for breaches of the city-state's anti-money laundering laws relating to a corruption scandal at Malaysian state fund 1MDB. https://www.thelocal.ch/20170530/swiss-bank-fined-by-singapore-for-breaching-money-laundering-laws Tue, 30 May 2017 09:40:47 +0200 swiss-bank-fined-by-singapore-for-breaching-money-laundering-laws Credit Suisse's chief and other top executives offered on Friday to have their bonuses slashed by 40 percent, following investor concern over the size of their proposed compensation packages. https://www.thelocal.ch/20170414/credit-suisse-execs-take-bonus-cuts-of-40-after-outcry Fri, 14 Apr 2017 15:49:16 +0200 credit-suisse-execs-take-bonus-cuts-of-40-after-outcry Credit Suisse, Switzerland's second-biggest bank, intends to cut more than 5,500 jobs during 2017, said news agencies on Tuesday. https://www.thelocal.ch/20170214/swiss-banking-giant-slashes-more-jobs-in-cost-cutting-exercise Tue, 14 Feb 2017 12:14:41 +0100 swiss-banking-giant-slashes-more-jobs-in-cost-cutting-exercise US authorities on Wednesday announced a $5.28 billion settlement with the Swiss banking giant Credit Suisse, adding to the list of loose ends being wrapped up as Washington prepares to install a new president. https://www.thelocal.ch/20170119/credit-suisse-to-pay-out-528bn-settlement-to-us Thu, 19 Jan 2017 09:22:18 +0100 credit-suisse-to-pay-out-528bn-settlement-to-us Credit Suisse said on Friday it had reached an agreement with US authorities to pay almost $5.3 billion to settle disputes over the sale of mortgage-backed securities. https://www.thelocal.ch/20161223/swiss-bank-to-pay-billions-to-settle-securities-disputes Fri, 23 Dec 2016 12:39:07 +0100 swiss-bank-to-pay-billions-to-settle-securities-disputes