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Ex-C Suisse wealth manager sentenced to prison

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A former Credit Suisse wealth manager was found guilty of orchestrating a scheme that resulted in damages of $152 million as he diverted cash from client accounts to cover bad trades in one of the biggest financial crimes in Swiss history.

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Ten Years After Barings - Where Are They Now ?

It is coming up to the 10th anniversary of when Nick Leeson bust the bank that was Barings. The Observer has had a quick look at what happened to the few who enjoyed their 15 minutes of fame as a result of the scandal.

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Rabobank pleads guilty, agrees to pay over $360m

Rabobank National Association (Rabobank), a Roseville, California subsidiary of the Netherlands-based Coöperatieve Rabobank U.A., appeared Wednesday before U.S. Magistrate Judge Jill L. Burkhardt and pleaded guilty to a felony conspiracy charge for impairing, impeding and obstructing its primary regulator, the Department of the Treasury’s Office of the Comptroller of the Currency (the OCC) by concealing deficiencies in its anti-money laundering (AML) program and for obstructing the OCC’s examination of Rabobank.

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