Credit Suisse leak unmasks criminals, fraudsters and corrupt politicians

[Martin Everson]

More trouble at CS

Credit Suisse Warns of Another Loss as Capital Recedes​

Credit Suisse Warns of Another Loss as Capital Recedes

The Swiss bank’s warning is an early sign that the disruption in financial markets since Russia invaded Ukraine is hitting activity among big international banks.

www.wsj.com

Don't worry the bank will go with its begging bowl again to Qatar. It's a criminal enterprise masquerading as a bank.

 

[Golden Fleece]

Credit Suisse Found Guilty of Cocaine Money Laundering​

Switzerland's Federal Criminal Court convicted Credit Suisse and a former employee of failing to prevent money-laundering in Switzerland's first criminal trial of one of its major banks.

The judges were ruling on whether Credit Suisse and the former employee did enough to prevent an alleged Bulgarian cocaine trafficking gang of laundering profits through the bank from 2004 to 2008.

Both had denied wrongdoing.

The case — which included testimony on murders and cash stuffed into suitcases — is being followed closely in Switzerland, where it is seen as a test for prosecutors taking a potentially tougher line against the country's banks.

https://www.newsmax.com/finance/streettalk/credit-suisse-cocaine-money-laundering-switzerlands-federal-criminal-court-bulgaria/2022/06/27/id/1076218/?ns_mail_uid=b113dfd3-2613-40b4-92ba-015bb5f027c4&ns_mail_job=DM348292_06272022&s=acs&dkt_nbr=010502xjfk4n

 

[Golden Fleece]

The hits just keep coming for Credit Suisse:

Mystery bank account may have hidden $1,000,000,000 of stolen Nazi cash for 78 years​

Mystery bank account may have hidden $1,000,000,000 of stolen Nazi cash for 78 years

It is feared that the dark property may be hidden in one or more accounts in the books of the Swiss bank Credit Suisse.

$ 1 billion of Nazi cash plundered in a mysterious Swiss bank account triggers a treasure hunt after a list is found

Billions of dollars believed to have been plundered by the Nazis are being searched in Swiss banks after a cool list was discovered. It is feared that the dark

theworldnews.net

 

[Martin Everson]

I repeat again Credit Suisse is a criminal enterprise masquerading as a bank. Their illicit activity goes back decades and continues right up until today. It's not just private banking its their investment banking unit too. Look at the recent fraud, spying and misselling they have been involved with .

Factbox-Credit Suisse's scandals - spies, lies and money laundering

Credit Suisse denied wrongdoing in the case, which caps a string of scandals at Switzerland's second-biggest bank. A Bermuda court ruled in March that former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages of more than half a billion dollars from Credit Suisse's local...

finance.yahoo.com

They even commit fraud against their own clients. In this case court sided with client and CS owe client in excess of $500m now.

Credit Suisse faces $500 million plus bill after ex-Georgian PM wins court case

A Bermuda court on Tuesday ruled former Georgian Prime Minister Bidzina Ivanishvili is due damages "substantially in excess of $500 million" from Credit Suisse.

www.cnbc.com

 

[gengiskhan]

Party continues at the organization.

Credit Suisse names Ulrich Körner as new CEO as it unveils fresh overhaul after $1.7bn loss

Credit Suisse is cutting costs and refocusing its investment bank under new chief executive

www.fnlondon.com

 

[lostguy]

Party continues at the organization.

Credit Suisse names Ulrich Körner as new CEO as it unveils fresh overhaul after $1.7bn loss

Credit Suisse is cutting costs and refocusing its investment bank under new chief executive

www.fnlondon.com

can't be wrong to switch the leader top!

 

[Martin Everson]

Sadly a fish rots from the head down.

 

[JohnnyDoe]

As a bank of “systemic importance” it cannot fail, so they have free rein to do whatever they want.

 

[Martin Everson]

Credit Suisse Woes Spread to Singapore With $800 Million Trial​

Credit Suisse Woes Spread to Singapore With $800 Million Trial

Credit Suisse Group AG’s legal battle with billionaire client Bidzina Ivanishvili has spread to Singapore as the Georgian gears up for trial with a unit of the Swiss lender over what he claims are $800 million in losses tied to a rogue banker.

www.bloomberg.com

"Credit Suisse Group AG’s legal battle with billionaire client Bidzina Ivanishvili has spread to Singapore as the Georgian gears up for trial with a unit of the Swiss lender over what he claims are $800 million in losses tied to a rogue banker.

Fresh from a big win in Bermuda earlier this year, the former Georgian premier is now suing a different subsidiary of Credit Suisse as part of his campaign to claw back profits frittered away by convicted fraudster Patrice Lescaudron.

Barring a last-minute injunction, the case will go to trial in September in Singapore, threatening fresh negative headlines for Credit Suisse after repeated scandals and the appointment of a third CEO in less than three years.

The claim, part of litigation that began in the Asian city-state five years ago, relates to what Ivanishvili says was the reckless oversight of his fortune by Credit Suisse Trust Ltd. (Singapore). Lescaudron, a former star banker, was convicted of fraud in 2018 for a near decade-long scheme in which he forged signatures to enable unauthorized trades on his clients’ accounts to try and stay ahead of growing losses. Ivanishvili, a former prime minister of Georgia, was by far Lescaudron’s biggest clients with whom Credit Suisse set up investment vehicles in Singapore, Bermuda and New Zealand. "