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Credit Suisse News

The gap between rich and poor reaches new milestone: Report

The wealth gap between the top one percent and the rest of us is shocking, and if the trend continues, it will only get worse, according to a new study published by Credit Suisse.

Giant Swiss bank to plead guilty to U.S. criminal charges

Washington - Worldwide banking giant Credit Suisse Group is expected to plead guilty Monday to criminal charges connected to efforts to enable high-income Americans avoid U.S. taxes.

Richest 1% hold 46% of the world's wealth

We are living through tough economic times but is that really true? News that global wealth has risen by 68 percent over the past 10 years to reach a new all-time high of $241 trillion certainly paints a different picture.

Op-Ed: Australians the world’s richest people says Credit Suisse

Sydney - A new report from Credit Suisse says that Australians are the world’s richest in median wealth, the average between richest and poorest. That’s overlooking our poverty rate of around 20% but who wants to know numbers that might mean something?

German, US authorities arrest bankers on alleged tax evasion plot

Geneva - Authorities in Germany and the United States have arrested several individuals who allegedly participated in helping thousands of clients evade their taxes. Prosecutors say one case dates back all the way 1953.

US is still by far the richest country, China fastest growing

The world is today a much wealthier place than it was 10 years ago. The Global Wealth Report says the global wealth currently held by 4.4 billion adults has increased 72 percent since 2000 to reach $195 trillion.

Former Wall Street broker arrested in Spain

Julian Tzolov, a former Credit Suisse Group AG broker, who faces charges of security fraud and bail jumping for illegally selling subprime mortgages, has been arrested in Spain following an international manhunt.

Two Swiss Banks End Cuba Dealings

Two banks end their financial dealings with Cuba after policy issues.
 

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GIANT: Credit Suisse headquarters at Paradeplatz in Zurich  Switzerland.
GIANT: Credit Suisse headquarters at Paradeplatz in Zurich, Switzerland.
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