
Credit Suisse AG agreed to pay a $135 million fine as part of a consent order with the New York State Department of Financial Services for violations of New York banking law, including improper efforts with other global banks, front-running client orders, and additional unlawful conduct that disadvantaged customers. The violations stemmed from an investigation by DFS determining that from at least 2008 to 2015, Credit Suisse consistently engaged in unlawful, unsafe and unsound conduct by failing to implement effective controls over its foreign exchange business. For more info visit https://www.dfs.ny.gov/reports_and_publications/press_releases/pr1711131