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Brady Dougan

Credit Suisse Faces New U.S. Tax Probe Threat

Credit Suisse faces the threat of a new investigation into its role in helping wealthy Americans avoid paying taxes after New York state's top financial regulator requested documents from the Swiss bank.Switzerland's second-largest lender had raised expectations it was putting the long-running American tax controversy behind it when it set aside an extra half a billion dollars last week to deal with a U.S. Department of Justice probe into its involvement in offshore tax evasion.But Benjamin Lawsky, New York's financial services superintendent, is now examining whether the bank lied to New York authorities about creating tax shelters, raising the prospect of a new probe, a source familiar with the matter told Reuters.Shares in Credit Suisse dropped 2.2 percent to 28.82 Swiss francs in Zurich on Monday as investors digested the possibility of a costly investigation."There is still a lot of uncertainty around all these legal issues at Credit Suisse. Nobody can tell how much it will really...

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  1. Credit Suisse Profit Rises Sharply

    Credit Suisse Group AG (CS) Wednesday reported that net profit surged in the first quarter, as the Swiss bank continues to slash costs and fine-tune its investment b...

  2. Credit Suisse first-quarter rises, says on track for 2013 cash dividend

    Credit Suisse said on Wednesday first-quarter net profit rose on the year due in part to its investment bank, and flagged a cash dividend.The Swiss bank's net profit...

  3. Credit Suisse buys Morgan Stanley's European wealth arm

    Credit Suisse is buying Morgan Stanley's wealth management arm in Europe, the Middle East and Africa, acquiring $13 billion in assets in a move to offset exposure to...

  4. Credit Suisse CEO Dougan Can Almost Double Salary in 2013

    Credit Suisse Group (CS) Chief Executive Brady Dougan could almost double his 2012 7.77 million Swiss franc compensation package ($8.25 million) to CHF14.5 million i...

  5. Credit Suisse CEO's Pay Fuels Bonus Debate

    Credit Suisse upped the remuneration of Chief Executive Brady Dougan by one third in 2012, likely adding to public and political dismay over the scale of banker pay ...

  6. Credit Suisse CEO Dougan pay rises by one-third to 7.77 million Sfr

    Pay for Credit Suisse Chief Executive Brady Dougan rose by more than one third to 7.77 million Swiss francs ($8.22 million) in 2012, the Swiss bank said on Friday.Cr...

  7. Credit Suisse CEO plays down impact of EU, Swiss pay curbs

    Credit Suisse chief Brady Dougan does not see major problems from Swiss plans for strict curbs on executive pay, nor is he concerned about warnings of an exodus of b...

  8. For Nordic bosses, joys of home trump top dollar pay

    Executive excess need not be etched in stone. Just look at the Nordic region, where an egalitarian tradition and a high quality of life leave top managers content wi...

  9. Novartis scraps $78 million pay for outgoing chairman Vasella

    Novartis scrapped plans to pay its outgoing chairman Daniel Vasella 72 million Swiss francs ($78 million) to stop him working for rivals, bowing to mounting anger in...

  10. Credit Suisse Returns to Profit in 4Q

    Credit Suisse AG (CS) said Thursday that robust markets and cost savings helped it return to profitability in the fourth quarter, results that underscore the bank's ...

  11. Credit Suisse Returns to Profit

    Credit Suisse AG (CS) said Thursday that robust markets and cost savings helped it return to profitability in the fourth quarter, results that underscore the bank's ...

  12. Credit Suisse boss under pressure despite outsmarting rival

    Credit Suisse boss Brady Dougan has outmaneuvered an internal rival with his recent revamp of the Swiss bank and management shake-up but is still on borrowed time, s...

  1. Credit Suisse Ups Funds For U.S. Tax Deal

    Credit Suisse has increased the funds it has set aside to settle a U.S. tax dispute and avoid prosecution for helping wealthy Americans to hide cash from the taxman,...

  2. Credit Suisse Staff Group Demands CEO Apology

    A group representing Swiss bankers demanded an apology from Credit Suisse  boss Brady Dougan on Thursday after he said the practice of helping Americans conceal thei...

  3. Credit Suisse CEO Fights Tax Evasion Claims

    Credit Suisse's chief executive will hit back at allegations the Swiss bank was a willing accomplice in U.S. tax evasion on Wednesday, blaming instead a small group ...

  4. Swiss voters reject proposal to limit executives' pay

    Swiss voters rejected a proposal on Sunday to cap the salaries of top executives at 12 times that of a company's lowest wage, heeding warnings from industry leaders ...

  5. SocGen CEO's 2012 bonus rises 75 percent

    Societe Generale Chief Executive Frederic Oudea's bonus rose 75 percent last year to 1.2 million euros ($1.56 million), even as France's No. 2 bank moved to cut cost...

  6. Credit Suisse Stockholders Back Pay, Share Plans

    Credit Suisse Group AG (CS) executives told shareholders Friday that Switzerland's second-largest bank has managed a successful transition to a less risky model and ...

  7. Investment bank lifts Credit Suisse as private bank dips

    Credit Suisse's quarterly earnings beat expectations on Wednesday as a restructuring of its investment bank compensated for a surprising slide in private banking pro...

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