this post was submitted on 15 Dec 2023
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Credit Suisse fined for mortgage-backed securities violations (www.swissinfo.ch)
submitted 11 months ago by _Frog@feddit.ch to c/switzerland@feddit.ch
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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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[โ€“] Mojojojo1993@lemmy.world 3 points 11 months ago

Oh no. Not a fine that they won't pay fines are for the poor's

[โ€“] P1r4nha@feddit.de 3 points 11 months ago

Did we really need to save the bank? Looks like it deserved it.