All posts tagged "Credit Suisse"
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155Australia & NZNAB Provisions Extra A$750mn for Customer Refunds
The additional provisions reflect expected payouts for NAB's employed advisers, and the costs to review advice provided by its self-employed adviser network.
April 19, 2019 -
578EnforcementGoldman, Credit Suisse Raided in Seoul in Samsung BioLogics Probe
Prosecutors are reportedly looking for information about a scrapped Nasdaq listing of a Samsung BioLogics subsidiary, to shed light on possible accounting irregularities.
April 15, 2019 -
594AML / KYCMAS Details Enforcement Outcomes, Priorities in Inaugural Report
The inaugural enforcement report reveals that MAS issued S$16.8mn in financial penalties and S$698,000 in civil penalties over 18 months.
March 21, 2019 -
627Capital RegulationUS Fed Considers Stricter Rules for Foreign Bank Branches
Foreign banks say added requirements are unnecessary, as their US branches are limited in their activities, rarely hold federally insured deposits, and are subject to home country rules.
March 11, 2019 -
1.0KFeatureSOFR Gains Acceptance as LIBOR Alternative
Credit Suisse, the World Bank and Fannie Mae have now all issued new debt referencing the SOFR, which draws from actual repo market transactions to reflect the cost of borrowing cash secured against US government debt.
August 22, 2018 -
365ChinaThe Risky Business of Hiring Chinese Investment Bankers
The real cost of doing business in China was suddenly revealed with Credit Suisse’s settlements totalling $77 million with the SEC and DOJ over its alleged violations of the Foreign Corrupt Practices Act by employing Chinese princelings and princesses.
July 9, 2018 -
222AML / KYCMAS Hits Former Credit Suisse Banker with Prohibition Orders
Former representative deliberately concealed identity of beneficial owner on three accounts, making it difficult for the bank to monitor and detect suspicious transactions.
May 7, 2018 -
458Fintech / RegtechProfitability through Compliance Technology: Dreaming the Impossible Dream
Large technology investments to improve compliance performance have not yielded desired results almost ten years after the global financial crisis.
March 5, 2018 -
532EnforcementCredit Suisse Hong Kong Fined $5mn
Regulatory breaches include failures related to segregation of client securities, reporting of transaction, noncompliance with short selling requirements, unsuitability of investment products sold to clients.
February 10, 2018
