Credit Suisse to pay $135m to settle NY investigation

 

Credit Suisse to pay $135m to settle NY investigation .

Credit Suisse has agreed to pay $135m (£103m) after New York regulators found its foreign exchange unit engaged in “unlawful, unsafe and unsound conduct”.

The probe found traders at the bank improperly co-ordinated with other banks and traded on confidential customer information.

The agreement is the latest settlement to arise from a global investigation of foreign currency markets.Credit Suisse has agreed to pay $135m (£103m) after New York regulators found its foreign exchange unit engaged in “unlawful, unsafe and unsound conduct”.

The probe found traders at the bank improperly co-ordinated with other banks and traded on confidential customer information.

The agreement is the latest settlement to arise from a global investigation of foreign currency markets.

 

 

http://www.bbc.com/news/business-41977017