Tag: Credit Suisse

Credit Suisse
March 21, 2022 BY Steffy Bogdanova

Credit Suisse announces appointments to its Board of Directors

Additionally, Christian Gellerstad was appointed Vice-Chair and Lead Independent Director. He will also take over from Nargolwala and serve as Chair of the Compensation Committee. Lehmann continued: I am extremely pleased that Christian Gellerstad is prepared to accept the appointment of Vice-Chair and Lead Independent Director of the Board and Chair of the Compensation Committee,…

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February 21, 2022 BY Steffy Bogdanova

Leaked controversial client data puts Credit Suisse in the spotlight, the bank denies wrongdoing

Swiss Financial Market Supervisory Authority (FINMA) told Reuters that they are aware of the articles and compliance with anti-money laundering regulations has been the focus of the regulator for years. Credit Suisse has denied wrongdoing. The bank stated: Credit Suisse strongly rejects the allegations and insinuations about the bank’s purported business practices. The matters presented…

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February 08, 2022 BY Steffy Bogdanova

Credit Suisse faced with money laundering charges

This customer had started placing suitcases full of cash in a safe deposit box at Credit Suisse. He was later shot dead in 2005. The prosecutors believe that Banev and his associates used a practice called smurfing. This entails breaking down a large sum of money into smaller amounts, which are below the AML alert…

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February 04, 2022 BY Steffy Bogdanova

Credit Suisse hires Michael Bonacker as Vice Chairman

Most recently, Bonacker was a senior adviser at Oliver Wyman. Prior to that, he worked at Swiss investment bank UBS as Head of Corporate Development. Bonacker also served as the Head of Asset Management and Corporate Banking at Frankfurt-based BHF bank. He has held a range roles in multiple financial institutions such as Commerzbank, McKinsey,…

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