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Business Matters: Credit Suisse to Pay $47 Million to Settle Hiring Corruption

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Credit Suisse to Pay $47 Million to Settle Hiring Corruption

07/06/2018 GMT

BBC World Service - Business Matters, Credit Suisse to Pay $47 Million to Settle Hiring Corruption

Bank to resolve a U.S. Department of Justice corruption probe into hiring in Asia.

The Swiss bank Credit Suisse has agreed to pay a penalty of nearly 50 million dollars after being accused of hiring the children of powerful political families in China to win business. We hear from  Emily Flitter banking reporter at the New York Times. 

We travel to Zimbabwe to examine a more open approach towards foreign investors in the country. Also in the programme, we look ahead to 2018's Fifa World Cup which kick starts next week; Dan Jones, head of the Sports Business Group at Deloitte in London gives us a financial outlook of the scale of money involved in the game. 

Plus we find out why Microsoft has sunk a small data centre in the sea off the coast of northern Scotland. And, find out why India's railways are cracking down on passengers for traveling with large amounts of luggage.

(Photo: Logo of Credit Suisse in Zurich. Credit: Fabrice Coffrini/Getty Images)

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