SAFEST BANKS?

 

e Magazine

World's Safest Banks 2022

Feb. 2022: Credit Suisse is accused of failing to prevent a Bulgarian crime ring from laundering money related to cocaine trafficking. A Swiss court finds the company guilty in June, and orders it to pay $22 million in the country’s first criminal trial of one of its major banks.

Also in Feb. 2022: Details of more than 18,000 Credit Suisse customer accounts holding more than 100 billion Swiss francs in accounts were leaked to German newspaper Süddeutsche Zeitung, revealing accountholders dubious identities—people involved in human trafficking, drug trafficking and torture, among other illicit activities. Earlier this month, Swiss authorities opened proceedings to investigate the source of the leak.

Why Harris Associates sold its entire Credit Suisse stake

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