(Bloomberg) — Credit Suisse Group AG’s former prime brokerage co-head was awarded a little more than $590,000 by an arbitration panel after being fired following the collapse of Archegos Capital Management, though he originally sought more than $100 million from the bank. Ryan Nelson revealed his March 2024 award Monday in a Manhattan federal court … Read more
(Bloomberg) — A former Credit Suisse Group banker who pleaded guilty to engaging in a $2 billion fraud and money-laundering scheme in Mozambique avoided a prison term after serving as the government’s star witness at two US trials. Andrew Pearse was sentenced on Thursday in federal court in Brooklyn, New York, over what became known … Read more
ZURICH, Feb 6 (Reuters) – UBS would be seriously weakened and forced to consider its strategy if Swiss rules required it to hold 25 billion Swiss francs ($27.69 billion) more in additional capital, its Chief Compliance and Governance Officer Markus Ronner said. The Swiss government is considering stricter capital requirements for big banks in the … Read more