U.S. markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.42 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.93 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.65 (-0.90%)
     
  • Gold

    1,751.40
    -5.30 (-0.30%)
     
  • Silver

    22.34
    -0.46 (-2.00%)
     
  • EUR/USD

    1.1732
    -0.0040 (-0.34%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • GBP/USD

    1.3737
    -0.0059 (-0.43%)
     
  • USD/JPY

    109.8950
    +0.1770 (+0.16%)
     
  • BTC-USD

    47,426.17
    -797.99 (-1.65%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.61%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.75 (+0.58%)
     

‘The battle has started’: Ex-Credit Suisse banker’s fraud victims still want an apology

In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Patrice Lescaudron, a French banker who worked in Credit Suisse’s Russia, Ukraine and Central Asia department, was sentenced to five years in prison for running an eight-year scheme in which he made unauthorized trades and moved assets between clients’ accounts that amounted to over $140 million. However, Lescaudron’s former clients seem to be not so much angry with the banker as they are with the bank itself. Fraud victims say they have gotten neither recompense nor explanation —let alone an apology—from Credit Suisse. Yahoo Finance contributor Bethany McClean talks to Dan Roberts, Melody Hahm and Myles Udland about the case on “YFi AM.”