Economy News

U.S. proposed $5 billion - 7 billion penalty on Credit Suisse on toxic debt - source
 20/12/2016|  |  Economy

The U.S. Department of Justice has asked Credit Suisse to pay between $5 billion and $7 billion to settle a probe over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, a source with knowledge of the matter said, but the bank has resisted settling for that amount.


IMF Head Christine Lagarde Convicted in French Negligence Trial
 19/12/2016|  |  Economy

International Monetary Fund chief Christine Lagarde was convicted of negligence by a Paris court over her handling of a multimillion-euro dispute during her time as France’s finance minister nearly a decade ago.


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