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Bankers who helped Putin's friend move money via Swiss bank accounts lose appeal
5 months, 4 weeks ago

Bankers who helped Putin's friend move money via Swiss bank accounts lose appeal

Hindustan Times  

By John Revill ZURICH - A Zurich court upheld on Tuesday a judgment against four bankers convicted last year of failing to perform due diligence in financial transactions after helping a friend of Russian President Vladimir Putin move millions of francs through Swiss bank accounts. The three Russians and a Swiss citizen helped Sergey Roldugin, a concert cellist who has …

Court Bank Putin Swiss Zurich Roldugin
Credit Suisse investors sue after facing billions in losses
1 year, 8 months ago

Credit Suisse investors sue after facing billions in losses

Associated Press  

LONDON — A group of Credit Suisse investors have sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses. The investors are contesting an order by the Swiss Financial Market Supervisory Authority, or FINMA, that wiped out about 16 billion Swiss francs in higher-risk Credit Suisse bonds as part …

Financial Credit Bank Billion Switzerland Swiss Bonds
4 bankers convicted over Swiss account of longtime Putin pal
1 year, 8 months ago

4 bankers convicted over Swiss account of longtime Putin pal

Associated Press  

GENEVA — Four former bankers with the Swiss affiliate of a key Russian bank were found guilty Thursday of failing to properly check accounts opened in the name of a Russian cellist with longtime ties to President Vladimir Putin. The verdict follows a one-day trial on March 8 based on information about secret financial flows revealed in the Panama Papers …

Putin Russian Swiss Account Accounts Roldugin Gazprombank
Credit Suisse unveils ‘radical’ strategy as 3Q loss hits $4B
2 years, 1 month ago

Credit Suisse unveils ‘radical’ strategy as 3Q loss hits $4B

Associated Press  

GENEVA — Swiss bank Credit Suisse unveiled Thursday a “radical strategy” aimed to overcome a string of recent troubles that have dented its reputation, involving cost cuts, staff reductions, steps to lower risk and a cash infusion through a share purchase from a leading Saudi bank. Credit Suisse announced plans to raise some 4 billion Swiss francs by issuing new …

Billion Swiss Bank Credit Credit Suisse Suisse
Former FIFA official's ban for corruption cut to 15 years
4 years, 2 months ago

Former FIFA official's ban for corruption cut to 15 years

India TV News  

Former FIFA Council member Kwesi Nyantakyi had his life ban for financial corruption cut to 15 years on appeal, the Court of Arbitration for Sport said Friday. Nyantakyi had been filmed by a television program in his native Ghana accepting $65,000 in cash from undercover reporters posing as businessmen seeking favours. Days before the 2018 World Cup opened, Nyantakyi resigned …

Ghana Fifa Council Corruption Cut