Author Topic: Credit Suisse & The List  (Read 698 times)

Telarus

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Credit Suisse & The List
« on: May 29, 2014, 02:21:43 am »
http://other98.com/credit-suisse-ceo-brady-dougan-release-the-names-of-your-tax-dodgers/

 :lulz: Lol, releasing those names is a matter of Swiss National Security. We're never going to see that whole list. Seriously, think about the inverse situation, the US would cry "National Security" in a millisecond. Good meme for collecting folks name, email, and zip, tho.
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Junkenstein

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Re: Credit Suisse & The List
« Reply #1 on: May 29, 2014, 08:30:06 am »
Quote
HOW? Credit Suisse helped them – from sending bankers to the U.S. to deliver account documents in person to avoid a paper trail, to conducting business with them in a private suite that can only be accessed by a top secret elevator (which sounds like a joke, but is actually real.) WHY? These accounts were worth $10 to 12 BILLION at their peak – that’s a lot of U.S. taxes dodged – and Credit Suisse has only released a mere 238 of their names.

Hey. Hey you. Want some HA HA?
http://en.wikipedia.org/wiki/Credit_Suisse#Post_financial_crisis

Quote
In March 2014, Credit Suisse denied claims it had been drawn into a Swiss competition probe investigating potential collusion to manipulate foreign exchange rates by various Swiss and foreign banks.[58] In May 2014, Credit Suisse plead guilty to conspiring to aid tax evasion. It was the most prominent bank to plead guilty in the United States since Drexel Burnham Lambert in 1989 and the largest to do so since the Bankers Trust in 1999.[59] "Credit Suisse conspired to help U.S. citizens hide assets in offshore accounts in order to evade paying taxes. When a bank engages in misconduct this brazen, it should expect that the Justice Department will pursue criminal prosecution to the fullest extent possible, as has happened here," Attorney General Eric H. Holder said at the time.[2] Holder also said "This case shows that no financial institution, no matter its size or global reach, is above the law" – Credit Suisse shares rose 1% on the day the $2.6 billion penalty was announced.[60]

Let's play a game. This game is called "Why would the share price go up after a substantial fine and public slap".

Perhaps it is now due to the stockholders having a firm grasp on the financial future of the company. And the price increased so perhaps the think the future is looking rather good.

Perhaps they've figured out ways to avoid getting caught the same way twice.

Then there's this:
https://www.google.co.uk/finance?q=NYSE:CS&sa=X&ei=ie-GU7eaMoKLOMG8gJgJ&ved=0CCwQ2AEwAA

Have a look at 5/10 year scales. This place yo-yos to fuck, and it seems relatively related to the times when they were actively out pushing to get this kind of business. I wouldn't be surprised to find out there's another bank with a similar looking graph with the peaks shifted by a couple of days/weeks/months.
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