Key Developments: Credit Suisse Group AG (CSGN.VX)

CSGN.VX on Virt-X Level 1

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Latest Key Developments (Source: Significant Developments)

Credit Suisse Group AG pleads guilty to US criminal charge in tax probe-Business Standard
Monday, 19 May 2014 08:10pm EDT 

Credit Suisse Group AG:Pleaded guilty to a criminal charge for its role in helping Americans dodge taxes, US Attorney General Eric Holder said - Business Standard.It will pay more than $2.5 billion as part of an agreement with US authorities.The New York Department of Financial Services said it had determined not to revoke the bank's license in the state.Credit Suisse will pay financial penalties to the US Department of Justice, the Internal Revenue Service, the Federal Reserve and the New York State Department of Financial Services to settle the charges.  Full Article

Credit Suisse Group AG in talks to pay $1.6 bln to resolve US tax probe - Business Standard
Monday, 5 May 2014 02:17pm EDT 

Credit Suisse Group AG:Is in talks with the US Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade US taxes - Business Standard.A spokesman for Credit Suisse declined comment.  Full Article

WEKO investigates Credit Suisse Group AG over potential collusion to manipulate foreign exchange rates - Reuters
Sunday, 30 Mar 2014 08:00pm EDT 

Credit Suisse Group AG:WEKO opened investigation into several Swiss, British and U.S. banks over potential collusion to manipulate foreign exchange rates - Reuters.WEKO is investigating UBS, Credit Suisse , Zuercher Kantonalbank (ZKB), Julius Baer, JP Morgan, Citigroup, Barclays and Royal Bank of Scotland.WEKO says there is evidence that these banks colluded to manipulate exchange rates in foreign currency trades.Credit Suisse comments it was not subject of preliminary investigation carried out by competition commission into various banks.Says WEKO's press release contained incorrect references to Credit Suisse AG and these allegations were inappropriate and harmful to its reputation.  Full Article

Credit Suisse Group AG investigated in New York currency trading probe-Reuters
Tuesday, 4 Feb 2014 07:00pm EST 

Credit Suisse Group AG:Benjamin Lawsky, New York's financial services superintendent, has opened an investigation into manipulation of the currency markets by banks and is requesting documents from more than a dozen institutions-Reuters.According to a source familiar with the matter, Lawsky has asked for documents from Barclays, Credit Suisse, Deutsche Bank, Goldman Sachs, Lloyds Banking Group Plc, RBS, Societe Generale and Standard Chartered.  Full Article

Credit Suisse Holdings (Australia ) Limited on behalf of Credit Suisse Group AG and its affiliates) ceases to be the substantial holder of Transfield Services Ltd
Sunday, 5 Jan 2014 11:42pm EST 

Transfield Services Ltd:Says Credit Suisse Holdings (Australia ) Limited (on behalf of Credit Suisse Group AG and its affiliates) has ceased to be the substantial holder of the company.  Full Article

Credit Suisse Holdings (Australia ) Limited (on behalf of Credit Suisse Group AG and its affiliates) ceases to be the substantial holder of GrainCorp Ltd
Sunday, 5 Jan 2014 11:39pm EST 

GrainCorp Ltd:Says Credit Suisse Holdings (Australia ) Limited (on behalf of Credit Suisse Group AG and its affiliates) has ceased to be the substantial holder of the company.  Full Article

Grosvenor Capital Management completes acquisition of customized fund investment group from Credit Suisse Group AG
Thursday, 2 Jan 2014 04:01pm EST 

Grosvenor Capital Management, L.P:Says completion of the previously announced acquisition of the Customized Fund Investment Group from Credit Suisse Group AG.Says GCM CFIG will be a subsidiary of Grosvenor and will operate as Grosvenor's private markets business alongside Grosvenor's existing public markets hedge fund business.  Full Article

New Jersey sues Credit Suisse Group AG over mortgage securities - Reuters
Wednesday, 18 Dec 2013 11:40am EST 

New Jersey Attorney General:Says it announced a lawsuit against Credit Suisse Group AG that accuses the bank of misrepresenting the risks on more than $10 bln in securities backed by home loans - Reuters.  Full Article

Lehman Sues Credit Suisse Group AG-Reuters
Thursday, 7 Nov 2013 10:21am EST 

Reuters reported that Lehman Brothers Holdings Inc has sued Credit Suisse Group AG, seeking to reduce inflated bankruptcy claims by roughly $1.1 billion, and also recover about $150 million from the Swiss bank. In a complaint filed on Wednesday in U.S. Bankruptcy Court in Manhattan, Lehman accused Credit Suisse of exaggerating claims related to the early end of tens of thousands of derivatives transactions. Credit Suisse spokesman Drew Benson declined to comment. The lawsuit seeks to reduce or void Credit Suisse's claims, and recover damages for alleged breach of contract.  Full Article

Credit Suisse Group AG To Spin Off DLJ Investment Partners Business
Wednesday, 6 Nov 2013 02:19pm EST 

Credit Suisse Group AG announced that it has reached an agreement to spin off the DLJ Investment Partners business.  Full Article

MOVES- RBS, Citigroup, Itau BBA, AKG Actuaries

July 25 - The following financial services industry appointments were announced on Friday. To inform us of other job changes, email moves@thomsonreuters.com.

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