SEC

$90 mln fine for Credit Suisse

Credit Suisse was fined $90 million by SEC, admitting wrongdoing after an investigation by U.S. regulators found the bank misrepresented how it determined a performance metric in its wealth management business to investors.
Former Credit Suisse executive Rolf Bogli, who didn’t admit or deny the findings, also agreed to settle and pay US$80,000 for his role in the violations.

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