Wall Street

Factbox-Credit Suisse’s scandals – spies, lies and money laundering

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Reuters UK

(Reuters) – Credit Suisse has been found guilty by Switzerland’s Federal Criminal Court of failing to prevent money-laundering in the country’s first criminal trial of one of its major banks. Credit Suisse denied wrongdoing in the case, which caps a string of scandals at Switzerland’s second-biggest bank. Here are the main crises to the bank has faced in recent years: BERMUDA TRIAL A Bermuda court ruled in March that former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages of more than half a billion dollars from Credit Suisse’s local life insurance arm. The court said…

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