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Credit Suisse moves to boosts capital ahead of a further Archegos hit netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.
A Michigan pension system has sued Credit Suisse over the dual scandals that have embroiled the Swiss bank this year regarding troubled clients Greensill Capital and Archegos Capital Management. The City of St. Clair Shores Police and Fire Retirement System, in a purported investor class action, alleged that the bank and several of its key executives “concealed material defects in the company’s risk policies and procedures and compliance oversight functions and efforts to allow high-risk clients to take on excessive leverage, exposing the company to billions of dollars in losses.” The named defendants in what it termed the bank’s “fraudulent scheme” include Credit Suisse CEO Thomas Gottstein; Lara Warner, the chief risk and compliance officer until April; and David Mathers, its CFO. ....
Credit Suisse faces lawsuit from pension fund over Greensill, Archegos issues Bloomberg St. Clair Shores (Mich.) Police and Fire Retirement System filed a lawsuit against Credit Suisse Group, accusing the firm of misleading investors and allowing high-risk clients including Greensill Capital and Archegos Capital Management to take on excessive leverage. In a securities class action filed April 16 in U.S. District Court for the Southern District of New York, the pension fund said Credit Suisse along with CEO Thomas Gottstein, former Chief Risk and Compliance Officer Lara Warner and Chief Financial Officer David Mathers issued materially false and misleading statements regarding the company s business metrics and financial prospects. ....
Williamsburg town administrator search begins gazettenet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gazettenet.com Daily Mail and Mail on Sunday newspapers.
CALGARY — Craig Savill recalls a mantra that Wayne Middaugh followed back when they were teammates. "He always said, The round robin is for practising. The playoffs are for real. "It s a line that . . . ....