The firm’s now-closed retail execution business improperly routed broker-dealer customers including Edward Jones and Raymond James in a way that in some cases resulted in worse pricing.
Christopher Laver, who says he and dozens of other former CS brokers are owed hundreds of millions of dollars in deferred compensation, appealed California judge’s order to dismiss suit and go to Finra arbitration.
Credit Suisse is shuttering five more exchange-traded notes next month, eliminating a pair of structured products that let investors bet on swings in stock markets and a trio of notes tied to oil prices.
This story might surprise old-school Wall Streeters.
America’s last Gilded Age had its “List of 400”: the people said to be worthy enough, or at least rich enough, to climb the pinnacles of high society.
Jack Hafner, who spent the last decade of his 25-year brokerage career at Wells Fargo Advisors and its Credit Suisse predecessor, returned on Friday to what he calls a “boutique culture.”
Credit Suisse Group AG banker Brian Wirtz, known for proselytizing on Bitcoin and blockchain technology, is leaving after five years, according to people familiar with his departure.
Case in San Francisco alleges that Swiss bank avoided outright sale of U.S. unit to Wells Fargo to avoid a “triggering” event that would have accelerated compensation payments after it shuttered operations.
SEC says Sandy Katz, now with Wells Fargo, pocketed $2.5 million of 12b-1 fees over five years by buying A shares in discretionary managed accounts.