Recent events
Recent events tied to this brand in public sources.
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2022
FINRA fines Credit Suisse unit $9 million
FINRA fined a Credit Suisse unit $9 million for violations involving research disclosures and the safeguarding of customer funds and securities. The unit did not admit or deny wrongdoing; Credit Suisse said it had addressed the underlying issues.
2022
Axel Lehmann becomes Credit Suisse chairman
Credit Suisse board member Axel Lehmann became chairman with immediate effect after Antonio Horta-Osorio resigned.
2021
Credit Suisse fined in Mozambique tuna corruption case
UK authorities fined Credit Suisse £147m over a corruption scandal involving Mozambique's tuna fishing industry. The fine was part of a $475m settlement with UK, Swiss and US regulators; the FCA said the bank had failed to properly manage financial-crime risk.
2021
Pension fund sues Credit Suisse over alleged risk-control failures
The City of St. Clair Shores Police & Fire Retirement System sued Credit Suisse in federal court in Manhattan, alleging that the bank misled investors and concealed defects in its risk policies, procedures, and compliance oversight. The allegations are not presented as a court finding.
2021
Credit Suisse reports first-quarter loss following Archegos event
Credit Suisse announced that it wrote down CHF 4.4 billion in the first quarter in connection with the hedge-fund collapse it had referred to in its March 29 announcement, resulting in a pre-tax quarterly loss of CHF 900 million.
2021
Credit Suisse announces departures of investment bank CEO and CRO
Credit Suisse announced that investment bank CEO Brian Chin and CRO Lara Warner would resign, with their departures scheduled to take effect on April 30, 2021, and April 6, 2021, respectively.
2021
Credit Suisse announces investment bank CEO successor and interim CRO
Credit Suisse announced that Christian Meissner would take over as investment bank CEO from May 1, 2021, and that Joachim Oechslin would temporarily take over as CRO from April 6, 2021.
2020
Decarbonization Plus Acquisition Corporation commences IPO
Decarbonization Plus Acquisition Corporation announced that it had commenced an IPO of 20 million units priced at $10 per unit; the units were expected to trade on Nasdaq, subject to the offering and registration conditions described in the release.
2020
Credit Suisse appoints CEO for its Israel business
Credit Suisse appointed Hila Goldenberg as chief executive officer of its business in Israel, replacing Doron Averbuch.
2020
Vetter wins Axia Best Managed Companies Award
Vetter was awarded the Axia Best Managed Companies Award. The award is given annually to medium-sized companies meeting the stated criteria for vision, innovation, sustainable management culture, and financial management.
2020
Ten banks sued over alleged corporate bond market price coordination
A class action lawsuit was filed in Manhattan federal court against ten banks, including JPMorgan Chase and Bank of America, alleging that they conspired over nearly 14 years to manipulate prices in the $9.6 trillion corporate bond market. These are allegations in the complaint, not a court finding.
2020
Credit Suisse group acquires NorthPoint Technology business assets
Credit Suisse’s Next Investors group acquired NorthPoint Technology’s software suite and technology consulting business from ACA Compliance Group. NorthPoint will be managed by Portfolio BI.
2020
Amber Beverage Group receives €27 million loan
Amber Beverage Group received a €27 million loan to improve the effectiveness of its operations and fund further expansion.
2019
AccessFintech forms partnership with four banks
AccessFintech announced a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. The banks jointly launched a collaboration workflow using AccessFintech’s network, focused on settlements and supporting multiple asset classes.
2019
Credit Suisse employee-surveillance scandal
A report described a company espionage scandal at Credit Suisse, alleging that COO Pierre-Olivier Bouée ordered an investigation into former wealth management head Iqbal Khan to prevent him from taking clients and brokers to UBS. The report said the scandal tarnished the bank’s reputation.
2019
Credit Suisse COO resigns over surveillance scandal
Credit Suisse COO Bouee stepped down, taking responsibility for the surveillance of former executive Iqbal Khan and the bank's security chief. Credit Suisse's board said the decision to surveil Khan without CEO Tidjane Thiam's knowledge was wrong and disproportionate.