Jul

Credit Suisse Fined $77 Million in Corruption Inquiry

Credit Suisse is paying $77 million to the Justice Department and the Securities and Exchange Commission to settle charges that it hired the relatives of influential Chinese officials in order to win business for the bank in the country.

Prosecutors said Credit Suisse’s managers in Asia admitted that between 2007 and 2013 they hired job candidates suggested by powerful people in China’s government and state-run corporations with the expectation that the bank would receive lucrative new deals in return…

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Credit Suisse Fined $77 Million in Corruption Inquiry

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