(Bloomberg) -- Credit Suisse Group AG is pushing deeper into China with plans to extend underwriting of initial public offerings even as markets are roiled by Beijing’s crackdown on the booming financial technology and private education industries.The Swiss lender plans to sponsor initial public offerings on the Nasdaq-like Star Market Board in Shanghai, Tim Tu, head of the bank’s China securities joint-venture said at a briefing in Beijing on Monday. The unit is also seeking securities investme
Investment bank reaches settlement over a spying scandal involving former executive Iqbal Khan that had shaken the bank, and led to its CEO's resignation.
Credit Suisse has reached an out-of-court settlement with one of its former top bankers over the spying scandal that rocked the Swiss business world and led to the resignation of former chief executive Tidjane Thiam. The Zurich-based bank confirmed Swiss newspaper reports, with a spokesman telling Reuters: “Everybody involved has agreed to settle and this matter is now closed.” Details of the settlement have not been disclosed. The case has haunted Credit Suisse since allegations emerged in Sept