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Credit Suisse bank in Milan. Credit: Mike Scarcella / NLJ

Credit Suisse Group AG agreed Thursday to pay nearly $77 million to resolve charges that it hired relatives of Chinese officials to win business in the Asia-Pacific region, making the bank the latest to reach a multimillion-dollar settlement over a so-called “princeling program.”

C. Ryan Barber

C. Ryan Barber, based in Washington, covers government affairs and regulatory compliance. Contact him at cbarber@alm.com. On Twitter: @cryanbarber

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