News & Analysis as of

Credit Suisse

Nutter McClennen & Fish LLP

Nutter Securities Enforcement Update: January 1, 2024

The Nutter Securities Enforcement Update is a periodic summary of noteworthy recent securities enforcement activity, settlements, decisions, and charges....more

Mintz

The Last Remaining FX Defendant Prevails at Trial

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Introduction - Class Plaintiffs in the case of In re Foreign Exchange Benchmark Rates AntiTrust Litigation alleged that Defendant banks conspired to fix prices in the foreign exchange (“FX”) market in violation of Sections 1...more

Goodwin

Debt Download - March 2023

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Welcome to Goodwin’s Debt Download, our monthly newsletter covering what you need to know in the leveraged finance market. This month, we focus our coverage on the turmoil in the banking industry resulting from the failures...more

Skadden, Arps, Slate, Meagher & Flom LLP

Lessons for the Insurance Sector From the Credit Suisse Sale

UBS’ acquisition of Credit Suisse sent waves across the global markets and raises questions about possible impacts on the availability of regulatory capital in the insurance sector....more

Dickinson Wright

How to Screw up a Good Thing – What the Financial Industry Should Consider in the Wake of Credit Suisse

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Having had a front-row seat in the last banking crisis in 2008/9, one of the lessons that I thought everyone learned was the need for stable and consistent regulations regarding bank capitalization....more

Bilzin Sumberg

RMBS and Buyback Litigation: As Some Aged Claims Get Resolved, Are More On The Way?

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The recent surge in residential mortgage buyback demands by Freddie Mac, among others, has a number of industry analysts bracing for a new wave of indemnification claims and put-back attempts against correspondent lenders and...more

Morrison & Foerster LLP

UK Quarterly Review: Business Crime, Investigations, and Regulatory Enforcement - December 2021

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In the final Quarterly Review of 2021, we reflect on a year that has seen the UK acclimatise to life outside of the EU, whilst, like the rest of the world, contending with the difficulties brought on by the global coronavirus...more

Katten Muchin Rosenman LLP

Key Takeaways: CFTC's FY 2021 Swap Dealers Enforcement Actions

In Fiscal Year 2021 (FY 2021), the Commodity Futures Trading Commission (CFTC) brought and settled five enforcement actions against swap dealers for alleged reporting, disclosures and supervision failures. Historically, the...more

Morrison & Foerster LLP

FCA Announces Second-Largest Fine for Financial Crime Failings

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On 21 October 2021, the UK Financial Conduct Authority (“FCA”) announced that it had fined Credit Suisse (the “Bank”) £147,190,200 for “serious financial crime due diligence failings” in connection with loans that the Bank...more

Thomas Fox - Compliance Evangelist

Compliance Into The Weeds - Credit Suisse and Holistic Risk Management

Compliance into the Weeds is the only weekly podcast that takes a deep dive into a compliance-related topic, literally going into the weeds to more fully explore a subject. This week Matt and Tom take a deeper dive into the...more

Holland & Knight LLP

Venezuela Update: October 20, 2021 (Spanish)

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors....more

Holland & Knight LLP

Venezuela Update: October 20, 2021

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Holland & Knight's Venezuela Focus Team invites you to read our Venezuela Update, in which we discuss the latest news, trends and developments in Venezuela that impact the interests of businesses across all industry sectors....more

The Volkov Law Group

Credit Suisse’s Global Bribery and Fraud Scheme (Part II of II)

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The Credit Suisse case highlights the significant impact that global corruption and fraud can have on developing economies.  Mozambique’s economy suffered serious harm from the scheme, which started to unravel when the IMF...more

The Volkov Law Group

Credit Suisse Settles Multi-Jurisdiction Bribery and Fraud Case for $547 Million (Part I of II)

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Credit Suisse Group AG (“Credit Suisse”), a global financial institution, and its London-based European subsidiary, Credit Suisse Securities (Europe) Limited (“CSSEL”) resolved a wide-ranging bribery and fraud scheme...more

Thomas Fox - Compliance Evangelist

Credit Suisse and Tuna Bonds: Part 1 – Introduction

Last week, Credit Suisse Group AG settled a massive fraud action involving a non-existent Mozambiquan tuna boat fleet. While Texans have long had a fond place in their hearts for our convicted con man Billy Sol Estes, who...more

Robins Kaplan LLP

Financial Daily Dose 6.8.2021 | Top Story: DOJ Recovers Most of Ransom Colonial Pipeline Paid to Hackers

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In a rare cyber win for the good guys (at least one that’s publicly acknowledged), the DOJ revealed on Monday that it “had seized much of the ransom that a major U.S. pipeline operator had paid last month to a Russian hacking...more

Robins Kaplan LLP

Financial Daily Dose 5.3.2021 | Top Story: U.S. Economy Flourishes in Q1 on Pent-up Demand and Stimulus Spending

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Apple and Fortnite-maker Epic Games kick off their “high-stakes” trial over App Store fees, Apple’s payment system, and breach of contract. At the core of the dispute is Apple’s incredibly lucrative App Store, which charges...more

Robins Kaplan LLP

Financial Daily Dose 4.28.2021 | Top Story: Resurgent Ad Spending Powers Alphabet to Huge Quarterly Revenue

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Big Tech quarterly earnings season kicked off this week, and Alphabet got things started with a massive $55B in revenue, up 34% from a year earlier thanks largely to a return of its online advertising business and “continued...more

Robins Kaplan LLP

Financial Daily Dose 4.27.2021 | Top Story: Lyft Sells Its Level 5 Self-Driving Car Unit to Toyota for $550M

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Lyft is letting go of its self-driving car unit, Level 5—reaching a deal with Toyota’s Woven Planet subsidiary for $200M, with an additional $350M in payments over the next 5 years. Lyft revealed that “unloading Level 5 would...more

Robins Kaplan LLP

Financial Daily Dose 4.26.2021 | Top Story: Bitcoin Bounces Back Over 50k

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Bitcoin’s back (and no, it never really left), thanks to a rally this morning that pushed its value up as much as 10% at one point in early trading today. Elon Musk’s weekend tweeting and news that presumptive top NFL draft...more

Robins Kaplan LLP

Financial Daily Dose 4.22.2021 | Top Story: From Competition to A.I., Big Tech Facing Increasing Regulatory Scrutiny

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A Senate antitrust subcommittee hearing on Thursday turned into an airing of grievances session for smaller tech companies focusing on their issues with Apple and Google’s app stores and their “stranglehold on the business of...more

Robins Kaplan LLP

Financial Daily Dose 4.20.2021 | Top Story: Deadly Weekend Tesla Crash Prompts Federal Probe of Self-Driving Tech

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A fiery, deadly Tesla crash outside of Houston over the weekend is prompting a federal probe of the company’s self-driving autonomous mode for “potential gaps in self-driving car technology.” ...more

Robins Kaplan LLP

Financial Daily Dose 4.13.2021 | Top Story: Ant Group Agrees to Sweeping Overhaul to Appease Chinese Regulators

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Mere days after Chinese regulators hit Jack Ma’s Alibaba with a staggering $2.8 billion antitrust fine, the e-commerce giant’s sister company, Ant Group, announced “that it would undertake a sweeping, government-ordered...more

Robins Kaplan LLP

Financial Daily Dose 4.9.2021 | Top Story: CV Amazon Leading in Early Alabama Warehouse Union-Vote Tally

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Most eyes in the labor world are on Birmingham, Alabama, where the NLRB is hand-counting the 3215 ballots cast by workers in Amazon’s Bessemer, AL warehouse on whether to unionize. Though results could be released later...more

UB Greensfelder LLP

Credit Suisse Runs Into Trouble Trying To Monitor Outside Brokerage Accounts, Despite Its Best Intentions

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Sometimes, the numbers that FINRA cites in its settlements with big broker-dealers are so ridiculously large that it’s nearly impossible to compare these cases with those brought against small firms for similar rule...more

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