4 ms·
Thanks for the inside perspective, very helpful. There's no doubt that corruption in banking was a complete free for all in the past during times of intense fin
by mtlmtlmtlmtl 4y ago
Thanks for the inside perspective, very helpful. There's no doubt that corruption in banking was a complete free for all in the past during times of intense financial deregulation, and that regulated markets have improved their vigilance markedly since then. It makes sense that for banks such as yours, there might be a sort of echo of the past in scandals being outed presently. And a lot of those cases are more wilful ignorance and poor due diligence as you say
Of course CS is in a tax haven, and their dirty laundry generally seems much fresher and much more deliberate than negligent. E.g attempting to help cover up assets of Russian oligarchs under sanctions after the Russian invasion of Ukraine.
And the Credit Suisse leaks last year revealed just how much dirty money flows through the bank still to this day.