Andrew Ceresney

The SEC has announced that Credit Suisse Group AG (ADR) (NYSE: CS) has admitted wrongdoing through its misrepresentation in determining key performance metrics of its wealth management business. As a result, the SEC hit the Swiss bank with a $90 million penalty. A former executive has come forward...

Investors appear to be unconcerned with the $415 million fine the U.S. Securities and Exchange Commission handed to Merrill Lynch on Thursday, the wealth management and financial services firm owned by Bank of America Corp (NYSE: BAC). Merrill Lynch accepted the fine and agreed to pay $415...