All news on the topic: Credit Suisse

The collapse of Market Financial Solutions amid fraud allegations in February ensnared some of the largest lenders on Wall Street.

Pavel Durov, the founder of Telegram, personally communicated in 2018 with Jan Marsalek, the former chief operating officer of Wirecard who is now wanted across Europe for large-scale financial fraud and, according to investigators, is linked to Russia’s military intelligence agency (GRU), the Financial Times reports.

Credit Suisse has lost a 440 million US dollar (£325 million) High Court claim against Japan’s SoftBank Group over a restructuring agreement involving Lex Greensill’s collapsed firm.

Settlement encompasses a guilty plea and penalties related to undeclared U.S. assets and accounts in Singapore.

The correspondence reveals how a Swiss private bank attracted a list of questionable clients connected to autocratic regimes and corruption.