NY Attorney General—and presumed gubernatorial candidate—Andrew Cuomo is reportedly looking into whether banks such as Goldman Sachs, Morgan Stanley, UBS, Citigroup, Credit Suisse, Deutsche Bank, Crédit Agricole and Merrill Lynch (now owned by Bank of America) duped credit ratings agencies about mortgage securities. According to an AP source, Cuomo "is trying to figure out if banks provided the agencies with false information in order to get better ratings on the risky securities." more ›

Dealbreaker shared a photograph of a tech analyst's handiwork at Credit Suisse. According to an email sent to analysts and associates, "The attached picture was sent to me by Corporate Services and HR. This is nothing short of embarrassing for our group and something that the Firm takes very seriously. Vandalism of company property will result in disciplinary action leading up to, and including, termination of employment. We all work in a corporate environment - not a college dorm - if you cannot behave in a professional and respectful manner, you should consider alternative employment." more ›

A former Credit Suisse broker who is accused of a $1 billion fraud has gone missing and the authorities are calling him a fugitive. This past Friday, federal prosecutors said that Julian Tozlov, 35, was last seen on May 9, leaving his 225 Fifth Avenue apartment. Tozlov had been on $3 million bail and was wearing an electronic monitoring device around his ankle. more ›

A U.S. District Court Judge sentenced one-time Credit Suisse investment banker Hafiz Muhammad Zubair Naseem to ten years in prison for insider trading, stating that some Wall Street professionals were not getting the picture of the seriousness of the crime. While working at Credit Suisse's Global Energy Group in Manhattan, Naseem fed insider information to a partner in Pakistan, who used the tips to illegally amass almost $8 million in profits. more ›