The Justice Department reportedly suspects Credit Suisse helped Russian clients evade sanctions, according to a published report. The report, from Bloomberg News, said what was a wide-ranging set of subpoenas sent to multiple banks is now focused on Credit Suisse. The report said the DOJ also is looking at possible compliance failures at UBS, Credit Suisse’s new parent. The report said neither UBS nor the Justice Department commented. UBS UBS shares skidded 5% in premarket trade.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Read Full Story
- GOP debate: Chris Christie says Trump’s China tariffs helped drive inflation - December 6, 2023
- Key Words: Republican debate: Chris Christie says Trump’s China tariffs helped drive inflation - December 6, 2023
- Dow Jones Newswires: Rakuten Bank shares fall sharplyin Tokyo after parent’s plans to pare stake - December 6, 2023