* Bank report likened Ibori to scion of Kennedy dynasty * Prosecutor says more assets may still be hidden * Details of Ibori’s assets revealed at London hearing Jailed former Nigerian oil state governor James Ibori told a Swiss private bank in 2004 that he owned 30 […]
Tag: Swiss Bank
Credit Suisse could owe $2 billion in National Century fraud: judge
Credit Suisse Group Inc faces a potential $2 billion of exposure over fraud that occurred a decade ago at National Century Financial Enterprises, a result of a federal judge’s determination on how to apportion responsibility. Friday’s decision by U.S. District Judge James Graham could expose the Swiss bank to hundreds […]
Ex UBS boss blames “mercenaries” for Libor debacle
The former chief executive of UBS (UBSN.VX) blamed “mercenaries” for its role in the global interest-rate rigging scandal that has further undermined the Swiss bank’s once venerable reputation. UBS was fined a record $1.5 billion last month for manipulating Libor interest rates, the latest in a string of debacles – […]
