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Credit Suisse was recognized by the Asset Triple A Awards and in 2005 it was ranked as the second best prime broker by Institutional Investor. [139] An investigation in February 2022 by The Guardian following the Suisse Secrets leaks revealed that Credit Suisse was holding bank accounts for many criminals, fraudsters and corrupt politicians. [141]
SNB’s chairman, Ammar Al Khudairy, said Credit Suisse was “a very strong bank” and was unlikely to need more cash after raising 4bn Swiss francs (£3.59bn) to fund a major restructuring plan ...
On a national level, the scandal revealed the flaws in the Swiss banking system and forced banks to admit that they had to demand proof of their customers' identity; the tangible result was the 1977 signing, by members of the Swiss Bankers Association and the Swiss National Bank of the "Agreement on the Swiss banks' code of conduct with regard to the exercise of due diligence".
Suisse Secrets was a February 2022 leak of details of more than CHF 100 billion (roughly US$108.5bn, €95.5bn or £80bn) held in nominee accounts linked to over 30,000 clients of Credit Suisse, [1] the largest ever leak from a major Swiss bank.
FILE - Grey clouds cover the sky over a building of the Credit Suisse bank in Zurich, Switzerland, on Feb. 21, 2022. Battered shares of Credit Suisse lost more than one-quarter of their value ...
As the Swiss National Bank's new chairman Martin Schlegel takes office this week, the jury is out on the central bank's handling of the Credit Suisse crash and its takeover by UBS. Schlegel ...
J. P. Buri was the son of the General Partner at Bank Heusser Bernard Buri, and Clariden merged with Bank Heusser Buri based in Basel to gradually acquire the four Credit Suisse private banks: Bank Leu, Bank Hofmann, and BGP Banca di Gestione Patrimoniale together with the securities dealer Credit Suisse Fides on January 26, 2007, Clariden Leu ...
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