Wealth and Asset Management
Credit Suisse Was Alerted to Private Banker’s Misconduct Years Before Criminal Charges
Credit Suisse Group AG overlooked red flags for years while a rogue private banker stole from billionaire clients, according to a report by a law firm for Switzerland’s financial regulator. The private banker, Patrice Lescaudron, was sentenced to five years in prison in 2018 for fraud and forgery. He admitted…
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Click here to read the full story: The Wall Street Journal