Page 4 


C Suisse fined $135m FX trading business conduct

Money On Hook

Financial Services Superintendent Maria T. Vullo has announced that Credit Suisse agreed to pay a $135 million fine as part of a consent order with the New York State Department of Financial Services (DFS) for violations of New York banking law, including improper efforts with other global banks, front-running client orders, and additional unlawful conduct that disadvantaged customers.

Wells Fargo announces new co-heads of Investment Banking Coverage

Wells Fargo Logo

Wells Fargo Securities, the investment banking and capital markets business of Wells Fargo & Co has announced that John Hudson and Kristin Lesher have been named the new co-heads of Investment Banking Coverage, effective immediately. Both will report to Walter Dolhare and Rob Engel, co-heads of Wells Fargo Securities.



Reuters - Commerzbank said in tax raid

Germany’s Commerzbank has become the target of a tax evasion probe in which several current and former managers are suspected of evading £35.59m in taxes via so-called dividend stripping.