“The bank wrote that there would be ‘no changes’ to payroll, and it would pay outstanding salary and bonuses as previously promised.”
“The Swiss National Bank (SNB) and the Swiss Financial Market Supervisory Authority sought to calm fears.
‘There are no indications of a direct risk of contagion for Swiss institutions due to the current turmoil in the US banking market,’ they said in a joint statement…
‘If necessary, the SNB will provide [Credit Suisse] with liquidity,’ they added.”
“Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor in the embattled Swiss bank said it would not be able to provide any more cash due to regulatory restrictions.”
“Accounts opened in Switzerland by the bankers indicated Mr Roldugin had assets of at least $US50 million ($74 million) and planned to funnel more than $US10 million into the country annually through a complex waterfall of shell companies and accounts. “The declared assets were in general in no way plausible as Roldugin’s own assets,” prosecutors state.”
“I do not believe this would have been possible inside the United States,” Maxey said. “We had numerous attempts on us from trying to do things like this there.”
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