Lawyers

• Credit Suisse chief earns $9.8 million after praise over U.S. tax case

  Outgoing Credit Suisse Group AG (CS) boss Brady Dougan maintained his pay in the past year, taking home 9.7 million Swiss francs ($9.8 million) after the American executive earned praise for settling a long-running U.S. tax probe.

• Credit Suisse to face consumer push-back at regulatory hearing

  Credit Suisse Group AG will ask U.S. regulators at a hearing on Thursday to allow it to manage pensions following a criminal guilty plea, but will face resistance from groups determined to stop what they see as the rubber-stamping of such waivers.

• Banks to change rules governing derivatives market: FT

  The world’s biggest banks have agreed to change rules that govern the $700 trillion derivatives market, the Financial Times reported on Tuesday.

• Sources say Bank Leumi to talk itself out of guilty plea in US tax probe

  One of the two sources told Bloomberg that one of the matters Bank Leumi Le-Israel Ltd has been discussing with the US government involves its Swiss unit and those who have been filed criminal charges linked to tax evasion.

• 13 Swiss banks next after Credit Suisse tax evasion settlement

  Bloomberg reported that 13 Swiss banks could face punishment similar to or heavier than Credit Suisse Group AG, who has earlier pleaded guilty to aiding US nationals in evading taxes last week.

• Credit Suisse pleads guilty to tax evasion conspiracy

  Swiss banking giant Credit Suisse has recently pleaded guilty to aiding rich Americans to evade tax after it had reached a purported agreement with the US Justice Department, The Los Angeles Times reported.

• Source says US eager to seek guilty please from Credit Suisse, others

  Sources shed light on what goes on inside the US government's crackdown to hold parent companies of banks currently under probe for wrongdoing.

• Credit Suisse, BNP Paribas may be slapped with criminal tax, business charges

  According to an unidentified source, Credit Suisse Group AG and BNP Paribas SA might be prosecuted by US and state prosecutors over claims that they violated state and federal laws.

• Individual investor's $45K loss on volatile bets incites SEC probe

  A securities expert told Bloomberg that despite the increase exchange-traded note investments seen in the last two years, investors do not still have a clue on how these volatile securities work or the risks associated with it.

• Lawsky sends subpoena to Credit Suisse over tax evasion - source

  An unknown source told Bloomberg that New York Department of Financial Services superintendent Benjamin Lawsky is seeking information about a former top manager and his associates regarding their roles in helping clients to evade state taxes.

• NY regulator investigates Credit Suisse for its role in tax evasion case

  An unnamed source told Bloomberg that the New York Department of Financial Services has filed a petition with a US Senate committee to collect pertinent documents that would prove Credit Suisse Group's guilt in aiding Americans to evade paying taxes.

• US federal court charges Swiss asset manager of tax fraud

  An indictment unsealed at a Manhattan federal court revealed how Peter Amrein conspired with Edgar Paltzer on helping clients hide their assets to avoid US tax authorities.

• Credit Suisse feels legal cost burden in fourth quarter results

  Credit Suisse CEO Brady Dougan reiterated one of his plans to reduce the bank's annual costs by CHF4.5 billion after reporting a less than stellar fourth quarter results on Thursday.

• Credit Suisse, Abu Dhabi fund calls probes, launch arbitration efforts to exit from $35M investment in Mongolian bank

  Credit Suisse Group AG the Abu Dhabi Investment Council's arbitration steps to recoup a total of $35 million in funds it loaned to Golomt Bank LLC showed a glimpse of the latter's dubious dealings, which partly repelled foreign investors from making further investments in mineral-rich Mongolia.