Outgoing Credit Suisse Group AG (CS) boss Brady Dougan maintained his pay in the past year, taking home 9.7 million Swiss francs ($9.8 million) after the American executive earned praise for settling a long-running U.S. tax probe.
Credit Suisse Group AG will ask U.S. regulators at a hearing on Thursday to allow it to manage pensions following a criminal guilty plea, but will face resistance from groups determined to stop what they see as the rubber-stamping of such waivers.
The world’s biggest banks have agreed to change rules that govern the $700 trillion derivatives market, the Financial Times reported on Tuesday.
One of the two sources told Bloomberg that one of the matters Bank Leumi Le-Israel Ltd has been discussing with the US government involves its Swiss unit and those who have been filed criminal charges linked to tax evasion.
