Credit Suisse Group

CS

Market cap $3.5B

The European Union's General Court reduced on Wednesday a fine imposed on Credit Suisse to 28.9 million euros ($33.92 million)from a previous 83.2 million euros fine, over its participation in a cartel in the foreign exchange trading sector.

The latest plea deal caps a years-long investigation and underscores what federal officials described as a “massive criminal tax evasion scheme.”

VANCOUVER, British Columbia--(BUSINESS WIRE)---- $CS.TO #capstonemining--Capstone Copper Corp. (“Capstone” or the “Company”) (TSX:CS) (ASX:CSC) will release its 2024 second quarter (“Q2 2024”) results on Thursday, August 1, 2024 after market close. The announcement will be followed by an investor conference call the same day at 5:00pm Eastern Time / 2:00pm Pacific Time (Friday, August 2, 2024, 7:00am Australian Eastern Standard Time). Q2 2024 Results Webcast and Conference Call Details Timing: August 1, 2024, 5:00 pm ET.

The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior executive at UBS was quoted as saying on Tuesday.

A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank's Additional Tier 1 (AT1) debt. Law firm Quinn Emanuel Urquhart & Sullivan, which represents the plaintiffs, on Thursday said that it had filed a lawsuit in the U.S. District Court for the Southern District of New York.

Following is a timeline outlining the 168-year history of Credit Suisse Group, the Zurich-based bank that was formally absorbed on Friday by Swiss rival UBS after a 3 billion franc takeover last year.

South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines over allegations it breached short-selling rules, South Korea's Chosun Ilbo daily reported on Thursday, citing industry sources.

Switzerland put forward on Wednesday proposals for UBS and three other systemically relevant banks aimed at protecting the country from a repeat of last year's Credit Suisse collapse.

CNBC's Steve Sedgwick takes us through the final death throes of Credit Suisse, one year on from its collapse.

Lex Greensill is facing up to a 15-year disqualification from running companies on the back of legal action taken by the UK's Insolvency Service. Following a probe into the directors of his failed firm, Greensill Capital, proceedings were opened up by the public body on behalf of the business secretary on Thursday.