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Violation Tracker Individual Record

Company: Credit Suisse Group AG
Current Parent Company: UBS
Penalty: $81,000,000
Year: 2024
Date: September 11, 2024
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Mega-Scandal: Price Fixing
Violation Description: Credit Suisse agreed to pay $81 million to settle its role in litigation alleging major banks colluded to block modernization of the stock loan market.
Level of Government: federal
Action Type: private litigation
Court: Southern District of New York
Civil or Criminal Case: civil
Case ID: 1:17-cv-06221
Case Name: Iowa Public Employees' Retirement System et al v. Bank of America Corporation et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: banking & securities
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.