Global Investigations Review - The law and practice of international investigations

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“Reactive” cooperation costs Credit Suisse in $77 million Asia hiring practices settlement

By Clara Hudson

05 July 2018

“Reactive” cooperation costs Credit Suisse in $77 million Asia hiring practices settlement Credit Suisse iStock.com/aprott

The DOJ and SEC have announced settlements with Credit Suisse to resolve charges that the Swiss bank hired “less-than-qualified” friends and family of Chinese officials in exchange for lucrative business opportunities.