Swiss financial-services company Credit Suisse A.G. agreed to pay $90 million to settle claims that it misrepresented how it determined a performance metric of its wealth management business, the U.S. Securities and Exchange Commission announced Wednesday.
The company agreed to admit wrongdoing and the former chief financial officer of its private banking division, Rolf Bögli, agreed to settle charges that he caused Credit Suisse’s violations, according to the SEC.
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