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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.

Reuters - UBS quits recruitment pact

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UBS’s Wealth Management Americas said on Monday it was quitting a 13-year-old recruiting agreement that ended the practice of suing brokers who quit for jobs at competing firms, following a similar move by rival Morgan Stanley last month.

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Ex-C Suisse wealth manager sentenced to prison

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.