S&P Dow Jones Fined $9M Over Index Glitch
The SEC says the VIX index published stale values during the market spike on Feb. 5, causing huge losses on a Credit Suisse futures contract.
Credit Suisse Rearranges C-Suite
“The significant loss in our prime services business relating to the failure of a U.S.-based hedge fund is unacceptable.”
Greensill Capital Files for Insolvency
The supply-chain lender's filing follows the decision of Swiss funds that had invested in its securities to withdraw their support.
Sell-Side Digests Shake Shack’s Earnings, Guidance
The company’s shares plunged after third-quarter results, but some analysts continue to like the stock.
Credit Suisse to Charge Clients for Large Deposits
Switzerland's second largest bank is following the lead of competitors in response to the country's monetary policy.
Credit Suisse Settles Foreign Bribery Investigations
The SEC said ‘relationship hires’ allowed the bank to win millions in business in the Asia-Pacific region.
Tax Bill Forces Barclays to Take $1.2B Charge
The bank is joining other companies that are writing down the value of their deferred tax assets in the wake of the U.S. legislation.
Why Is There Still Gender Pay Disparity?
Companies' compensation for women doesn't reflect their performance levels or their impact on business results.
Deutsche, Credit Suisse Settle MBS Cases for $12B
The settlements with U.S. authorities ease investor concerns over the impact of the MBS scandal on the shaky European banking industry.
Credit Suisse Fined $90M for Inflating Metric
The bank allegedly misrepresented it had attracted $7.6 billion in new wealth management business to meet performance targets.
Deutsche Bank Criticized by IMF, Fed
Deutsche Bank 'is one of the most important net contributors to systemic risks in the global banking system,' the IMF said.