Credit Suisse found guilty of money laundering in Swiss cocaine cash case

The Credit Suisse Group AG headquarters in Zurich. Corruption and money-laundering experts say the fact that Switzerland has taken legal action against a global banking player like Credit Suisse could send a powerful message in a country famous for its banking industry. | BLOOMBERG

BELLINZONA, Switzerland – Credit Suisse was convicted Monday by Switzerland’s Federal Criminal Court of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang, in the country’s first criminal trial of one of its major banks. A former employee was found guilty of money-laundering in the trial, which included testimony on murders and cash stuffed

Mizuho targets cash-poor millionaires in wealth management push

Mizuho Financial Group Inc. plans to almost double its number of wealth management clients. | BLOOMBERG

Mizuho Financial Group Inc. prepares to practically double its wealth management clients by tapping newly-minted millionaires who are low on money and need finance beyond their startups.Japans third-largest bank intends to have 1,000 households on board with its wealth system by this time next year, up from 600 at present, stated Masayuki Sakai, general manager

U.S., U.K., Europe, Canada to block Russian access to SWIFT

A protester holds a placard reading 'No SWIFT for Russia' during a rally against Russia's invasion of Ukraine, on Saturday in Frankfurt. | AFP-JIJI

KEYWORDS. Source link. In a time of both false information and too much info, quality journalism is more crucial than ever.By subscribing, you can help us get the story right. SUBSCRIBE NOW PHOTO GALLERY (CLICK TO ENLARGE). Western countries agreed to let loose brand-new sanctions intended at additional isolating Russias economy and financial system after

Pop-up TSB branch secured for Lanarkshire town ahead of bank closure – but it won’t offer cash withdrawals or deposits

Pop-up TSB branch secured for Lanarkshire town ahead of bank closure - but it won't offer cash withdrawals or deposits

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