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Credit Suisse acquitted of 2022 conviction in cocaine cash laundering case
A top Swiss court on Wednesday acquitted Credit Suisse of a 2022 criminal conviction when the bank that is now part of UBS was found guilty of failing to prevent money laundering by a Bulgarian cocaine trafficking gang.
UBS acquitted over Credit Suisse criminal money laundering case
CREDIT Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss appeals court following the death of one of its former employees who was found guilty in the case.
UBS acquitted on appeal in Credit Suisse cocaine trial
Swiss banking giant UBS, which took over its rival Credit Suisse last year, has been acquitted on appeal in a high-profile money laundering trial, Switzerland's Federal Criminal Court said Wednesday.
Credit Suisse conviction annulled in 2022 cocaine cash laundering case
A top Swiss court on Wednesday acquitted Credit Suisse, now part of UBS, of failing to prevent money laundering by a Bulgarian cocaine trafficking gang, overturning a 2022 conviction. The Federal Criminal Court's original ruling was seen as a test case for the prosecution of banks.
1d
Lombard Odier indicted in Switzerland for money laundering
Swiss prosecutors on Friday indicted private bank Lombard Odier and one of the firm's former employees for "aggravated money ...
Bloomberg L.P.
3d
Credit Suisse Cocaine Case Overturned With UBS Acquittal
Credit
Suisse
’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned ...
13d
Botin’s Costly Credit Suisse Hiring Spree Is Reshaping Santander
When the Iowa Tribe of Oklahoma recently sought to finance a casino between Oklahoma City and Tulsa, it turned to Banco ...
12d
on MSN
UBS boss Ermotti flags Credit Suisse client migration challenge
UBS CEO Sergio Ermotti said on Monday that moving Credit Suisse clients in Switzerland onto the bank's own platform from next ...
1d
U.S. IPO Weekly Recap: Robotaxi Developer And Potash Miner Lead 6 IPO Holiday Week
Six IPOs and one SPAC listed this week - Pony AI, Brazil Potash, Venu Holding, Brillia, Wing Yip Food, Creative Global Tech, ...
The Edge Singapore
3d
UBS-Credit Suisse integration opens up new tech for bigger plans
Beyond executing the details of the merger, UBS also had to undertake one of the most extensive integration exercises in the ...
bovnews
17h
What Factors Have Led to Xerox Holdings Corp (XRX) Stock Trading -53.89% Below Its 52-Week High?
On Friday, Xerox Holdings Corp (XRX) stock saw a modest uptick, ending the day at $9.12 which represents a slight increase of $0.06 or 0.66% from the prior close of $9.06. The stock opened at $9.1 and ...
1d
on MSN
Tech firm refuses to remove King’s parks from app that encourages cyclists to go faster
A US technology company has refused to remove the King’s parks from a GPS fitness app amid fears speeding cyclists are ...
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