Rivals including Citigroup Inc, JPMorgan Chase & Co, Barclays PLC, and Royal Bank of Scotland PLC collectively paid $10 billion in 2014 and 2015 to settle probes by US and European authorities that their forex traders coordinated to cheat clients and boost their own profits.
The action against Credit Suisse is the latest in a series of agreements by major global banks to settle the investigations by USA authorities into the alleged manipulation of the foreign exchange market.
The fine comes as the latest in a string of clampdowns by United States authorities on the Zurich-based bank since investigations began into various malpractices in the wake of the 2008 financial crisis.
The bank confirmed the fine, as well as its willingness to pay it, in a statement released late Monday evening.
The probe is still ongoing in relation to other banks, according to a person familiar with the matter.
The department's superintendent Maria Vullo said certain bank executives "deliberately fostered a corrupt culture" which permitted repeated violations of the law and of client trust.
Credit Suisse shared information with other banks which may have allowed coordinated trading and "manipulation of exchange rates", the Department of Financial Services (DFS) in NY said in an order announcing the fine.
Elsewhere, traders in the bank used a tactic called "building ammo", where they improperly shared customer information on trading the euro/yen currency pair to ensure they were not taking positions that would hurt one another.
In April, Drogba explained: "Roman Abramovich always made the right decision, even when it was the most hard decision". Drogba has been playing for Phoenix since the turn of the year, where he has scored 10 times in his 14 appearances.
The user can access manual tests like root status test, Global Positioning System test or the main activity by sending a command. Unlike the user data collection issue, this new PR headache might not be entirely OnePlus's fault.
You can head over to the Black Friday page on Microsoft's website to find out more about the many deals that it's offering. Now through November 18: Get an Xbox One S console starting at $249, and choose an additional game as a bonus.
It worsened, as 71 investors sold DAL shares while 275 reduced holdings. 90 funds opened positions while 249 raised stakes. The stock has "Outperform" rating by Evercore on Thursday, March 16. (REIT) (NYSE:RHP) to report earnings on February, 27.
The brightly coloured talking robot uses Bluetooth to pair with a phone or tablet through an app, but the connection is unsecured. The I-Que Intelligent Robot, has previously featured on Hamleys top toys Christmas list and is available from Argos and Hamleys.
Gross domestic product grew 6.8 percent in the third quarter, a touch slower than the 6.9 percent pace in the first two quarters. Economic growth is within a reasonable range, Liu Aihua, a spokeswoman at NBS, told reporters.
When asked by the Washington Post whether she regrets her actions, she replied like the American hero she is: "I'd do it again". Virginia is an employment-at-will state, meaning employers can fire people anytime and for any reason. "I am appalled.
It's thought the prehistoric imbibers of Georgia may have stored their wine in large jars underground, leaving them to ferment. What's more, it was decorated with blobs that the researchers say could be meant to depict clusters of grapes.
Marketwatch.com's news article titled: "133.00" with publication date: November 04, 2016 was also an interesting one. Ladbrokes Coral Group PLC has a 12-month low of GBX 110.30 ($1.45) and a 12-month high of GBX 139.30 ($1.83).
But Duke (2-0) will have its hands full Tuesday against a team that returns the majority of its rotation players from last season. The Blue Devils got big contributions from its freshmen starters and Allen, who averaged 20 points through the first two games.
This is what analysts have to say about Extra Space Storage, Inc
The Firm owns, operates, manages, acquires, develops and redevelops self-storage properties located throughout the United States. The stock rose 0.54% or $0.62 reaching $114.76. (NYSE:EXR) earned "Hold" rating by Cantor Fitzgerald on Wednesday, November 1.
Pat McGrath Partners with Maggie Lindemann and Spotify
The rising star, pictured above, is a new McGrath muse and is releasing a new single, "Obsessed", timed with the campaign launch. All users need to do is head over to Lindemann's artist page, and scroll down to her Merchbar to find what's on offer.
Oscar De La Hoya Challenges Conor McGregor To A Fight
However, he seems to have changed his tune and is keen to face McGregor himself in a fantasy fight that could generate millions. McGregor - who remains under contract to UFC - is yet to respond to De La Hoya's comments.
Over 15000 scientists issue warning to humanity
For the other factors that went into the warning, the quarter-century since has not been as productive - not by a long-shot. Humanity is now being given a second notice, as illustrated by these alarming trends.
Geely Acquires Flying Car Startup Terrafugia
The Chinese automaker has acquired a U.S. company trying to bring a flying vehicle to market in 2019. The company's first product will be the Transition , which is promised for a market launch in 2019.