 | | | | Credit Suisse has been found guilty by Switzerland's Federal Criminal Court of failing to prevent money-laundering in the country's first criminal trial of one of its major banks. | | | | | | Credit Suisse said on Monday it would appeal a landmark decision by Switzerland's Federal Criminal Court to convict the bank and a former employee of failing to prevent money-laundering. | | | | | | Credit Suisse was convicted by Switzerland's Federal Criminal Court of failing to prevent money-laundering in the country's first criminal trial of one of its major banks. | | | | | | Cash held overnight by the Swiss National Bank fell last week by its largest amount in more than a decade, according to data published on Monday, signalling the end of the central bank's forex purchase campaign to weaken the Swiss franc. | | | | | | Investment holding firm Top Shine Global Ltd has decided to file a winding-up petition against China Evergrande Group as the embattled property developer did not repurchase shares in its unit Fangchebao from investors, a senior executive said. | | | | | | Swiss judges are set to rule on Monday whether Credit Suisse failed to prevent money laundering linked to an alleged cocaine trafficking gang in Switzerland's first criminal trial of one of its major banks. | | | | | | Turkey on Friday restricted lending to many companies with more than $1 million in foreign currency cash, the latest step to reverse a tumbling foreign-exchange rate by squeezing banks and businesses, and the lira rose as much as 5%. | | | | | | Industrial and Commercial Bank of China , (ICBC) said on Friday its wealth management joint venture with Goldman Sachs Group Inc had received the country's banking regulator's approval to begin operations. | | | | | | Shares in the biggest U.S. banks rallied on Friday after they passed the Federal Reserve's annual health check, but Bank of America underperformed with test results implying it needs a larger-than-expected capital buffer, which could limit share buybacks and dividends. | | | | | | Ireland's Permanent TSB may choose to absorb the first two rounds of European Central Bank interest rate hikes and not increase its own mortgage pricing in a bid to grow its market share, the bank's chief executive said on Friday. | | | | | |
