The United States is pursuing an inquiry into Russian clients that UBS (UBSG.S) took on when it bought Credit Suisse, three people familiar with the matter said, heightening scrutiny of one of the world’s biggest wealth managers. The US sanctions enforcement agency, OFAC, has written to the bank as part of this inquiry, two people […]

Exclusive: US scrutinizes Russia accounts UBS took over from Credit Suisse, sources say  ReutersView Full Coverage on Google News

Credit Suisse Asset Management's NEXT Investors has invested an undisclosed amount in Indian software product company Sapience Analytics.

Nazara Technologies has mandated investment bank Credit Suisse to raise Rs 480-640 crore, the largest capitalraise in India’s still nascent mobile gaming industry.

MCHP to Present at Credit Suisse Conference

Credit Suisse Conference Presentation

The forfeiture is the largest ever entered against an entity for IEEPA violations.

"The U.S. financial system is built on trust and transparency. Our banks must know what payments they are processing and for whom. Credit Suisse’s decades-long scheme to flout the rules that govern our financial institutions robbed our system of the legitimacy that is fundamental to it success."

Residential Mortgage-Backed Securities Working Group Co-Chair New York Attorney General Eric T. Schneiderman today filed a Martin Act complaint against Credit Suisse Securities (USA) LLC and its affiliates for making fraudulent misrepresentations and omissions to promote the sale of RMBS to investors.

Credit Suisse AG pleaded guilty today to conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the Internal Revenue Service.

"This case shows that no financial institution, no matter its size or global reach, is above the law. When the Department of Justice conducts investigations, we will always follow the law and the facts wherever they lead."

"While today’s action is a significant milestone in our law enforcement efforts, our work in the offshore area is far from done, and we expect additional public actions in this area in the coming months."

"The central mission of the Tax Division is to enforce our nation’s tax laws fairly and consistently. This is a responsibility that we owe to every honest taxpayer who pays his or her fair share. As part of this mission, we are committed to using all enforcement tools against those who seek to avoid their legal obligations, and their responsibilities to their fellow citizens and taxpayers, by hiding their assets in foreign bank accounts."

China's exports could weaken in May, possibly also in June, as some of its largest export markets in the West have been under lockdown due to the pandemic, says Ray Farris, Credit Suisse's chief investment officer for South Asia.

Michael Binetti, Credit Suisse Analyst, joins "Closing Bell" to discuss markets.

Asset management leadership also changed in reshuffle at Swiss lender

Patrick Jenkins discusses the Financial Conduct Authority's latest insider trading case and what it tells us about how market abuses are being tackled, why HSBC is on the defensive in China, and why Credit Suisse is suing the UK tax authorities.With special guest Mark Steward, Director of Enforcement and Market Oversight for the Financial Conduct Authority.

Contributors: Patrick Jenkins, financial editor, Caroline Binham, financial regulation correspondent, David Crow, banking editor, and James Kynge, global China editor. Producer: Fiona Symon

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David Crow and guests discuss the scandal that has engulfed Credit Suisse, including the apparent suicide of a security consultant involved in a corporate espionage operation for the bank, US bank Wells Fargo's new chief executive, and the merits of the European Central Bank's interest rate policy. With special guest Jean Pierre Mustier, president of the European Banking Federation and chief executive of Italian bank UniCredit.

Contributors: David Crow, Banking editor, Sam Jones, correspondent in Zurich, Laura Noonan, US banking editor, and Patrick Jenkins, financial editor. Producer: Fiona Symon

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Credit Suisse has maintained its outperform call on the stock with target at Rs 2,400 per share.