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Reuters - C Suisse defends trading unit

Tidjane Thiam

Credit Suisse defended its global markets trading arm on Thursday, even as losses at the division took the shine off a jump in quarterly profit as the bank wraps up a three-year revamp under Chief Executive Tidjane Thiam.

Chat group traders go on trial this week

Ear

The three British currency traders who were part of an exclusive online chat group referred to by members as “the cartel” go on trial this week for alleged market manipulation that’s already cost global banks $14 billion in penalties.

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Tidjane Thiam

Reuters - C Suisse defends trading unit

Credit Suisse defended its global markets trading arm on Thursday, even as losses at the division took the shine off a jump in quarterly profit as the bank wraps up a three-year revamp under Chief Executive Tidjane Thiam.

Ear

Chat group traders go on trial this week

The three British currency traders who were part of an exclusive online chat group referred to by members as “the cartel” go on trial this week for alleged market manipulation that’s already cost global banks $14 billion in penalties.