Credit Suisse acquitted of 2022 conviction in cocaine cash laundering case
A top Swiss court on Wednesday acquitted Credit Suisse of a 2022 criminal conviction when the bank that is now part of UBS was found guilty of failing to prevent money laundering by a Bulgarian cocaine trafficking gang.
UBS acquitted over Credit Suisse criminal money laundering case
CREDIT Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its former employees who was found guilty in the case.
Credit Suisse conviction in 2022 cocaine cash laundering case is overturned
A former employee, found guilty of money-laundering, died in April 2023; her heirs and the bank filed an appeal that November.
Credit Suisse conviction annulled in 2022 cocaine cash laundering case
A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court's original ruling was seen as a test case for the prosecution of banks.
UBS acquitted on appeal in Credit Suisse cocaine trial
Swiss banking giant UBS, which took over its rival Credit Suisse last year, has been acquitted on appeal in a high-profile money laundering trial, Switzerland's Federal Criminal Court said Wednesday.
Lombard Odier indicted in Switzerland for money laundering
Swiss prosecutors on Friday indicted private bank Lombard Odier and one of the firm's former employees for "aggravated money ...
Bloomberg L.P.3d
Credit Suisse Cocaine Case Overturned With UBS Acquittal
Credit Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned ...
Bond trader at Pasadena firm shunted $600 million in gains to favored portfolios, U.S. alleges
The Justice Department and US Securities and Exchange Commission accused Leech, 70, of routinely waiting and assigning ...
Tech firm refuses to remove King’s parks from app that encourages cyclists to go faster
A US technology company has refused to remove the King’s parks from a GPS fitness app amid fears speeding cyclists are ...
The Edge Singapore3d
UBS-Credit Suisse integration opens up new tech for bigger plans
Beyond executing the details of the merger, UBS also had to undertake one of the most extensive integration exercises in the ...
U.S. IPO Weekly Recap: Robotaxi Developer And Potash Miner Lead 6 IPO Holiday Week
Six IPOs and one SPAC listed this week - Pony AI, Brazil Potash, Venu Holding, Brillia, Wing Yip Food, Creative Global Tech, ...
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Credit Suisse Issues Underperform Rating for Texas Pacific Land Corp (TPL) Stock
Notable insider trades include STEDDUM CHRIS, Chief Financial Officer at Texas Pacific Land Corp (TPL), who sold 350 shares on Nov 14 ’24, at $1340 each, totaling $0.47 million. On Nov 12 ’24, ...
Bank Of America Down A Notch On 'Too Big To Fail' List
The body that monitors the global financial system on Tuesday moved US lender Bank of America down a notch and French counterpart Credit Agricole up one on its "too big to fail" list of banks.