|Bid||5.95 x 3100|
|Ask||5.96 x 45100|
|Day's Range||5.85 - 6.00|
|52 Week Range||5.53 - 11.04|
|Beta (5Y Monthly)||1.57|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.10 (1.82%)|
|Ex-Dividend Date||May 09, 2022|
|1y Target Est||6.79|
Credit Suisse denied wrongdoing in the case, which caps a string of scandals at Switzerland's second-biggest bank. A Bermuda court ruled in March that former Georgian Prime Minister Bidzina Ivanishvili and his family are due damages of more than half a billion dollars from Credit Suisse's local life insurance arm. The court said that Ivanishvili and his family were due the damages as a result of a long-running fraud committed by a former Credit Suisse adviser, Pascale Lescaudron.
Credit Suisse said on Monday it would appeal a landmark decision by Switzerland's Federal Criminal Court to convict the bank and a former employee of failing to prevent money-laundering. The court fined Credit Suisse 2 million Swiss francs ($2.08 million) after finding it did not do enough to prevent an alleged Bulgarian cocaine trafficking gang from laundering profits through the bank from 2004 to 2008. "Credit Suisse is continuously testing its anti-money laundering framework and has been strengthening it over time, in accordance with evolving regulatory standards," the bank said in a statement in response to the decision.
Credit Suisse was convicted by Switzerland's Federal Criminal Court on Monday of failing to prevent money-laundering by a Bulgarian cocaine trafficking gang in the country's first criminal trial of one of its major banks. A former employee was found guilty of money-laundering in the trial, which included testimony on murders and cash stuffed into suitcases and is seen as a test case for prosecutors taking a tougher line against the country's banks. The ruling marks another headache for Switzerland's second-biggest bank, which has been reeling from billions in losses racked up via risk-management and compliance blunders.