Credit Suisse will stick to its restructuring strategy despite the abrupt departure of its “brain”, Antonio Horta-Osorio, following an internal investigation into his personal conduct, including breaches of coronavirus rules, the bank’s new president has announced. Horta-Osorio’s departure comes less than a year after he was hired to help the bank deal with the collapse […]
Tag: Swiss credit
Commission: Fines 334 million euros on five major European banks
The Commission announced that it imposed a fine of 344 million Euros on Barclays PLC, UBS Group, HSBC Holdings, Royal Bank of Scotland, Credit Suisse Group, for their participation in a cartel in the spot exchange market. “The Commission’s investigation has revealed that some traders in charge of trading in the G10 spot exchange market […]