Finra and several exchanges say the Swiss bank failed to adequately review potentially manipulative activity by broker-dealers and other institutional clients.
Philipp Wehle, who took over after Khan’s acrimonious split from the lender this year, is carving out a new entity to serve what he thinks could be the most lucrative layer of the wealthy: those who aren’t yet rich enough to need the bespoke services demanded by its billionaire clients.
Manhattan advisors are the sixth former Credit Suisse team to convince arbitrators that Credit Suisse illegally withheld their deferred compensation.
Credit Suisse Group AG is considering a return to U.S. wealth management after a four-year absence as Chief Executive Officer Tidjane Thiam seeks to boost growth in private banking.
The Credit Suisse Group AG spying scandal that has rocked Swiss financial circles took a new turn on Tuesday, with the private investigator hired by the bank giving its own version how it shadowed former star banker Iqbal Khan.
A made-in-Zurich banking drama spilled out into the open over the weekend after it emerged that ex-top Credit Suisse Group AG banker Iqbal Khan had been shadowed by the lender, leading to a confrontation in broad daylight in the Swiss financial capital.
Most popular stories from 5/5 – 5/10.
Latest arbitration decision on deferred comp from Swiss bank that shuttered its U.S. business awards Morgan Stanley duo two sets of damages, fees and legal costs.