Bermuda court decision: Credit Suisse announcement
Credit Suisse has previously taken reserves against this matter and intends to pursue all available legal actions.
Legal
2117 articles found
Credit Suisse loses case over banker who stole from billionaire clients
Bank expected to pay at least $500mn in lawsuit brought by former Georgia prime minister
FINMA considers recovery and resolution planning by the “too big to fail” institutions to be well on track – but there are still gaps
FINMA considers the emergency plans of the domestic systemically important banks PostFinance, Raiffeisen and Zürcher Kantonalbank not to be ready to implement for the time being.
Increased Crackdown on Citizenship and Residency by Investment Programs
A breakdown of three recent major developments.
Billions in Russian Assets Freezing at Swiss Banks
While information on individuals or individual assets could not be disclosed, Bollinger confirmed that frozen assets included properties in tourist regions.
Wall Street Is Scrambling For the Exits in Moscow — and Billions Are at Stake
A dozen lenders including Raiffeisen Bank, Societe Generale and Citigroup have about $100 billion of combined exposure to Russia
Alisher Usmanov: Russian billionaire's UK homes beyond reach of sanctions after being 'placed in trusts'
"All of (Alisher) Usmanov's properties were settled into the irrevocable trusts long before the sanctions came," a spokesman says.
Rothschild’s Wealth Unit Won’t Accept New Russian Clients
Private banking unit has about 70 Russian-nationality clients
UBS Named as Bank for Shell Company of Roger Ng’s Wife
In the latest development, FBI special agent Sean Fern took the stand and testified about Lim’s role in setting the shell entity using a raft of emails as proof.
Ill-gotten wealth and the estate taxes of the Marcoses
In addition, there were other court decisions that established the existence of ill-gotten wealth by the Marcoses
5 instant reactions from KPMG on SEC proposed rules
ESG engagement has been driven by investor demand and CEOs seeking to gain an ESG advantage in the marketplace with talent and customers.
Regulation fatigue and inflation top worry list for asset management CEOs
BNY Mellon’s Hanneke Smits, Feri’s CEO Marcel Renné, and ALFI’s deputy director Marc-André Bechet outlined the biggest challenges investors face in 2022