Zurich, Nov 27, 2024 (AFP) - UBS acquitted on appeal in Credit Suisse cocaine trial

NAMPA / AFP
2024-11-27
Swiss banking giant UBS, which took over its rival Credit Suisse last year, has been acquitted on appeal in a high-profile money laundering trial, Switzerland's Federal Criminal Court said Wednesday. A pillar of Swiss banking and the second-largest Swiss bank at the time, Credit Suisse in 2022 was slapped with a $2 million fine in a money laundering case linked to a Bulgarian cocaine network. The court ruled that the bank had failed to take steps......
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