Credit Suisse found guilty in cocaine cash laundering case

Credit Suisse first major Swiss bank to face criminal trial Former banks found guilty of qualified money laundering Bank plans to appeal BELLINZONA, Switzerland, June 27 (Reuters) – Credit Suisse (CSGN.S) was convicted by Switzerland’s Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country’s first … Read more

Credit Suisse faces verdict in cocaine-cash trial

The logo of Swiss bank Credit Suisse is seen at its headquarters at the Paradeplatz square in Zurich, Switzerland October 1, 2019. REUTERS / Arnd Wiegmann / File Photo Register now for FREE unlimited access to Reuters.com Register ZURICH, June 27 (Reuters) – Swiss judges are set to rule on Monday whether Credit Suisse (CSGN.S) … Read more

Factbox: Companies offering abortion travel benefits to US workers

June 25 (Reuters) – A growing number of companies, including JPMorgan Chase & Co (JPM.N), Amazon.com Inc (AMZN.O), Tesla Inc (TSLA.O), and Walt Disney Co (DIS.N) are rolling out policies to offer benefits to US employees who may need to access abortion services. The U.S. Supreme Court on Friday took the dramatic step of overturning … Read more

Warren Buffett charity lunch fetches record winning bid of $ 19 million

June 18 (Reuters) – A wealthy person has bid a record $ 19 million to eat lunch with Warren Buffett, in the 21st and final time that the billionaire businessman auctioned off a private lunch to benefit a San Francisco charity. The winning bid at the eBay auction, which ended on Friday, far surpassed the … Read more

Market positioning suggests more pain for equities despite rout – BofA

LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem in financial markets in 2020, signaling extreme bearishness as investors dumped credit and crypto assets. Though US stocks confirmed a bear market this week that began in January this year and many … Read more

Cosmetics company Revlon files for bankruptcy protection

A Public Safety officer keeps watching as people stand in front of a billboard owned by Revlon that takes their pictures and displays them in Times Square in the Manhattan borough of New York October 13, 2015. REUTERS / Carlo Allegri Register now for FREE unlimited access to Reuters.com Register June 16 (Reuters) – Revlon … Read more

Analysis: Investors brace for recession, more market turmoil after Fed’s supersized hike

The exterior of the Marriner S. Eccles Federal Reserve Board Building is seen in Washington, DC, US, June 14, 2022. REUTERS / Sarah Silbiger Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 16 (Reuters) – Investors’ faith in a soft landing for the US economy is being heavily tested, as a … Read more

US SEC chief unveils plan to overhaul Wall Street stock trading

US Securities and Exchange Commission (SEC) Chair Gary Gensler testifies before a Senate Banking, Housing, and Urban Affairs Committee oversight hearing on the SEC on Capitol Hill in Washington, US, September 14, 2021. REUTERS / Evelyn Hockstein Register now for FREE unlimited access to Reuters.com Register WASHINGTON / NEW YORK, June 8 (Reuters) – The … Read more

US bars investors from buying Russian debt, stocks on secondary market

WASHINGTON / LONDON, June 7 (Reuters) – The US Treasury Department has banned US money managers from buying any Russian debt or stocks in secondary markets on top of its existing ban on new-issue purchases, in its latest sanctions on Moscow over its invasion of Ukraine. Despite Washington’s sweeping sanctions in recent months, Americans were … Read more

Citadel, AQR’s flagship portfolios far outpacing broader stock market

A Wall Street sign outside the New York Stock Exchange in New York City, New York, US, October 2, 2020. REUTERS / Carlo Allegri Register now for FREE unlimited access to Reuters.com Register NEW YORK, June 6 (Reuters) – Hedge funds AQR and Citadel posted rises in their flagship portfolios last month that outpaced the … Read more