Credit Suisse Group Chief Executive Brady Dougan got $17.9 million for 2009, the Swiss bank said Thursday. The payout was more than six times what he got in 2008, reflecting Credit Suisse’s swift recovery from the financial crisis.Mr. Dougan’s pay for 2009 was nearly double the $9.6 million that Goldman Sachs Group paid CEO Lloyd Blankfein, even though Goldman made 40% more in net income last year than Credit Suisse.
Posts Tagged ‘Credit Suisse Group’
Credit Suisse CEO Earns $17.9 Million
March 29th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: 6 Million, Brady Dougan, Ceo, Credit Suisse, Credit Suisse Group, Financial Crisis, Goldman Sachs, Goldman Sachs Group, Group Chief Executive, Lloyd, Net Income, Six Times, Swift Recovery, Swiss Bank 
Comments OffCredit Suisse Ordered to Pay FINRA Arbitration Award
March 25th, 2010 Before You Invest Credit Suisse Group AG, the largest bank in Switzerland by market value, was ordered by a U.S. judge to pay STMicroelectronics NV the remainder of a $431 million award over unauthorized investments in auction-rate securities.The arbitration award, ordered in 2009 by the Financial Industry Regulatory Authority, was affirmed on March 19 by U.S.
Posted in Finance Fraud Tags: Arbitration Award, Arbitration Case, Auction Rate, Broker Dealers, Credit Suisse, Credit Suisse Group, District Judge, Financial Industry Regulatory Authority, Group Ag, Judge Deborah Batts, March 19, Risky Securities, Securities Arbitration, Semiconductor Maker, Stmicroelectronics Nv, Straws, Student Loans, Unauthorized Investments, Underwriters, Unpaid Balance Comments OffJulian Tzolov apprehended by Department of Justice
July 15th, 2009 Before You Invest (Bloomberg) — Julian Tzolov, the fugitive former Credit Suisse Group AG broker who was charged with bail jumping, has been arrested, Assistant Brooklyn U.S. Attorney Daniel Spector said in a letter to court filed today. Authorities in Marbella, Spain have taken Tzolov into custody following an international manhunt after he disappeared in New York in May.Tzolov, who’s accused of fraudulently selling clients subprime mortgages linked to auction-rate securities, was declared a fugitive in June.
Posted in Finance Fraud Tags: Apartment, Authorities, Bloomberg, Brooklyn, Bulgaria, Count Indictment, Credit Suisse, Credit Suisse Group, Daniel Spector, Department Of Justice, Electronic Monitoring, Eric Butler, Group Ag, Illegal Scheme, Julian, Kennedy Airport, Manhunt, Marbella Spain, Mortgages, Prosecutors, Wire Fraud No Comments »CME rival ELX set to launch, but bad blood could mar debut
May 27th, 2009 Before You Invest (Crain’s) — CME Group Inc. rival ELX Futures L.P. got the regulatory green light to open an electronic exchange offering futures on U.S. Treasuries.On board for the plotted June launch will be ELX’s founders — including BCG Partners Inc., Citadel Investment Group, Citigroup Inc., Deutsche Bank A.G., Bank of America-Merrill Lynch, Barclays PLC, Credit Suisse Group, Getco, J.
Posted in Finance Fraud Tags: Barclays Plc, Chicago Board Of Trade, Chicago Software, Citadel Investment Group, Citigroup Inc, Commodity Futures Trading, Commodity Futures Trading Commission, Credit Suisse Group, Espeed Inc, Futures Exchange, Futures Trading Commission, Getco, J P Morgan Chase, Patent Infringement, Peak6, Royal Bank Of Scotland, Royal Bank Of Scotland Plc, Treasury Futures, Volume Traders, Wolkoff No Comments »Large Recent FINRA Arbitration Awards A Sign?
April 5th, 2009 Before You Invest Finra securities arbitration panels have handed investors two huge wins in recent months, but lawyers and industry observers are divided about whether such noticeable awards signal favorably for investors. Regardless, the awards — from the three-member panels of the Financial Industry Regulatory Authority Inc. of New York and Washington — are among the largest ever.
Posted in Finance Fraud Tags: Arbitration Awards, Arbitration Panel, Arbitration Panels, Auction Rate, Chip Maker, Compensatory Damages, Credit Suisse, Credit Suisse Group, Financial Industry Regulatory Authority, Freemasons, Industry Observers, Lynch Co Inc, Masonic Hall, Merrill Lynch, Merrill Lynch Co, Merrill Lynch Co Inc, Refco Inc, Securities Arbitration, Stmicroelectronics, Zurich Switzerland No Comments »Ex Credit Suisse Brokers Face New Subprime Related Charges
April 2nd, 2009 Before You Invest Two former Credit Suisse Group AG brokers accused of fraudulently selling clients subprime mortgages linked to auction-rate securities pleaded not guilty to a dozen new fraud charges.Julian Tzolov and Eric Butler were first indicted last year on securities fraud and conspiracy charges in U.S. District Court in Brooklyn, New York.
Posted in Finance Fraud Tags: Bank Deposits, Brooklyn, Brooklyn New York, Cdos, Collateralized Debt Obligations, Conspiracy Charges, Credit Suisse, Credit Suisse Group, Eric Butler, Fraud Charges, Group Ag, Indictment, Investments, Julian, Money Market Funds, Mortgage, Mortgages, Securities Fraud, Student Loans, Wire Fraud No Comments »Credit Suisse Found Liable and Order to Pay Institutional Investor $400 Million for Auction Rate Recomendation
February 15th, 2009 Before You Invest Credit Suisse Group was ordered to pay a $400 million arbitration award to STMicroelectronics NV, after the Swiss semiconductor maker alleged Credit Suisse mishandled its investment in auction-rate securities, according to the Financial Industry Regulatory Authority.Finra — formed by the merger of the National Association of Securities Dealers and a New York Stock Exchange regulatory arm — also ordered the bank to pay $3 million in attorney and expert-witness fees, $1.5 million in financing fees and interest on the original value of the ARS until the award is paid.An STMicro spokesman declined to comment.In a statement, Credit Suisse said: “We respectfully disagree with the arbitration panel’s award and are reviewing our legal options.”According to its complaint to Finra, STMicro wanted to invest in student-loan securities backed by U.S.
Posted in Finance Fraud Tags: Arbitration Award, Arbitration Panel, Attorney And Expert Witness, Auction Rate, Collateralized Debt Obligations, Credit Suisse, Credit Suisse Group, Financial Industry Regulatory Authority, Fraud Charges, Institutional Investor, Legal Options, New York Stock, New York Stock Exchange, Real Estate Loans, Regulatory Arm, Semiconductor Maker, Stmicroelectronics Nv, Subprime Mortgages, Witness Fees, York Stock Exchange No Comments »
