Credit Suisse ‘Seriously Breached’ Risk Management Obligations in Greensill Case March 2, 2023 By Hugo Miller and Myriam Balezou Credit Suisse Group AG “seriously breached” its risk management obligations in the Greensill Capital supply-chain financing affair, Switzerland’s banking regulator...
Former Wirecard Executives in the Dock as Germany’s Biggest Fraud Trial Begins December 6, 2022 By Jörn Poltz and Christian Kraemer Former Wirecard executives go on trial on Thursday, two years after the collapse of the payments company that produced Germany’s...
New SEC Disclosure Rules May Drive Up D&O Claims November 10, 2022 By Jim Sams SAN DIEGO — New rules proposed by the US Securities and Exchange Commission on cybersecurity and climate impact disclosures may...
Former Danske Bank CEO Cleared in $322M Investor Lawsuit November 8, 2022 Danske Bank’s former chief executive Thomas Borgen was cleared by a Danish court on Tuesday of any liability for shareholder...
Credit Suisse Makes $180M Provision for Major Litigation Costs October 27, 2022 By Hugo Miller and Jeremy Hodges Credit Suisse Group AG has made a 178 million Swiss francs ($180 million) provision for major litigation costs in the...
Australia’s Westpac Banking Fined A$113M for Multiple Compliance Breaches April 22, 2022 An Australian court ordered Westpac Banking Corp. to pay A$113 million ($82.92 million) in penalties for multiple compliance failures across...
Credit Suisse Shareholders Advised Against Clearing Board of 2020 Liability April 13, 2022 By Brenna Hughes Neghaiwi and Oliver Hirt Proxy advisers Glass Lewis and ISS have recommended Credit Suisse’s shareholders vote against discharging the bank’s board and management from...
Some Credit Suisse Investors Do Not Want to Absolve Execs for Greensill Losses: FT March 28, 2022 Some shareholders in Credit Suisse do not want the bank to hold a vote in the annual meeting on absolving...
Investors Cannot Sue German Regulator for Wirecard Collapse, Court Rules January 20, 2022 By Karin Matussek Investors who lost money from investing in Wirecard AG shares can’t make Germany’s financial regulator Bafin compensate them, a Frankfurt...
Dirty Money Worried Swedbank Compliance Officers but Bosses Kept Mum: Documents January 10, 2022 By Niclas Rolander, Aaron Eglitis and Anton Wilen In the summer of 2018, a senior anti money-laundering official at Swedbank AB appeared anxious as he read reports that...