As part of last May’s settlement with U.S. authorities, New York’s banking agency planted Mr. Barofsky, a former federal prosecutor, inside Credit Suisse as a monitor, with broad license allowing him to dig into the bank’s past dealings with Americans and its compliance policies. Mr. Barofsky has taken to the task with gusto, mounting an extensive probe that has inundated the bank with demands for information, people familiar with the matter said. He has delayed an interim progress report to New York’s Department of Financial Services that was expected by this month, as Zurich-based Credit Suisse tries to accommodate his requests, the people said.
Credit Suisse Gets Its $5.3 Billion Check In Under The Wire
Nice try, but we noticed.