Credit Suisse, which was taken over by UBS, settled a US Securities and Exchange Commission (SEC) investigation into prohibited fund services with a payment of a good $10 million.
Credit Suisse is said to have violated the regulations regarding mortgage-backed securities.
Credit Suisse Securities and other CS units were prohibited from acting as issuers or advisors for investment funds, according to a statement from the SEC published on Thursday night. Nevertheless, they worked in these functions. …
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Oh no. Not a fine that they won’t pay fines are for the poor’s
Did we really need to save the bank? Looks like it deserved it.