Search results for: credit suisse
The Swiss Angle in Credit Suisse
I want to circle back to that FCPA enforcement action against Credit Suisse a final time, because we have one more detail of this case that hasn’t yet been discussed much. We haven’t talked about the restrictions that Swiss regulators have imposed on Credit Suisse’s future business activities. To recap, last month Credit Suisse settled…
Read More‘Master of Kickbacks’ and Credit Suisse
Compliance professionals have another large FCPA enforcement action to pore over this week, thanks to the perpetually struggling Credit Suisse and several economic development loans for the country of Mozambique that were, quite literally, soaked in corruption. The headline, announced on Tuesday, is that Credit Suisse will pay $475 million to regulators in the United…
Read MoreCredit Suisse and Risk Oversight Pains
Today in news that should surprise nobody: Credit Suisse is mulling whether to remove its chief risk and compliance officer, after months of the Swiss bank stumbling from one surprise scandal to another. The executive in question, Lara Warner, has been in that combined risk and compliance role since Credit Suisse consolidated the two functions…
Read MoreCredit Suisse Reorgs Risk, Compliance
The mildly troubled investment bank Credit Suisse is consolidating its risk and compliance functions into one unit, which will be headed by the bank’s chief risk officer. Its chief compliance officer has been shifted into a new role overseeing sustainability research. Credit Suisse announced the shakeup Thursday while reporting second-quarter 2020 financial results. The results…
Read MoreCompliance Lessons: Credit Suisse vs. Wells Fargo
One big lesson for compliance and audit executives this year will be the risks that swirl around compensation and incentives. Wells Fargo will be Exhibit A in that discussion, and rightly so. Still, the more I look at the SEC’s enforcement action against Credit Suisse last week, where it fined the bank $90 million for…
Read MoreAbusing Performance Metrics: Credit Suisse Edition
Don’t look now, but the Securities and Exchange Commission just expanded your scope of worry for internal performance metrics. Yesterday the SEC fined Credit Suisse $90 million for employees’ improper manipulation of two performance metrics. Was the misconduct on the same scale as what we saw at Wells Fargo? No, mostly because the victims here…
Read MoreWhy Compliance Matters: Credit Suisse Edition
By now you may have already heard that Credit Suisse is cutting another 2,000 jobs from its investment banking operations. That’s unfortunate news for the 2,000 bankers soon to be unemployed, but compliance officers on Wall Street have another lesson to absorb here. The real news for compliance professionals—or anyone else working in finance who…
Read MoreCompliance Jobs Report: Mar. 14
Another Compliance Jobs Report full of news, this week with updates from Scout Motors, Cox Enterprises, Apple, Nidec Motors, Gilead Sciences, Jumeirah, Pfizer, and elsewhere. New jobs, promotions, compliance folks joining consulting firms or vice-versa; we have it all. Job leads are in data analytics, healthcare, and audit firms; and don’t forget Meme of the…
Read MoreCompliance Jobs Report: Aug.16
A big Compliance Jobs Report this week. Departures at Tesla, Microsoft, and FNB; new hires at TechnipFMC, Kering, Radiology Partners, and many more. Our job leads this week are in big box retail, medical AI, and healthcare practices; and Meme of the Week goes out to everyone performing AI risk assessments! Always remember that we…
Read MoreCompliance Jobs Report: May 24
This week the Compliance Jobs Report has a changing of the compliance guard at Wells Fargo, a new head of compliance at the NRA, and other new hires at Syneos Health, FARO Technologies, Invesco, and more. We also have a slew of promotions to note, and job leads in manufacturing, cars, and consulting. Always remember…
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