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      Senior Women for Climate Protection

      European Human Rights Court Hears Historic Climate Case Brought by Elderly Swiss Women

      "We are suing for our human right to life," said one 78-year-old plaintiff. "With this case, we want to help spur politicians into action a little bit."

      Brett Wilkins
      Mar 29, 2023

      The European Court of Human Rights on Wednesday heard arguments in a case brought by a group of elderly Swiss women who are suing their country's government, alleging that its "current climate targets and measures are not sufficient to limit global warming to a safe level."

      Members of Senior Women for Climate Protection (KlimaSeniorinnen) and their attorneys appeared in the Strasbourg, France court for the tribunal's first-ever climate case. Outside the court, activists from the group and from other organizations including Greenpeace held banners and flowers and chanted "bravo" as each woman exited the building, according toSwissInfo.

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      Credit Suisse chairman Axel Lehmann (L) and UBS Chairman Colm Kelleher attend a press conference

      Credit Suisse Complicit in 'Massive' Conspiracy to Help Rich Americans Dodge Taxes: Senate Report

      "Republican budget cuts have decimated the IRS's ability to root out this kind of offshore tax evasion scheme," said Sen. Ron Wyden.

      Jake Johnson
      Mar 29, 2023

      The Senate Finance Committee on Thursday published the results of a two-year investigation showing that the scandal-plagued Swiss bank Credit Suisse has been complicit in a "massive, ongoing conspiracy" to help wealthy U.S. citizens dodge taxes.

      Spearheaded by Sen. Ron Wyden (D-Ore.), the chair of the Senate panel, the probe found that Credit Suisse violated the terms of a 2014 plea agreement with the U.S. Department of Justice (DOJ) that required the bank to crack down on tax dodging by its U.S. clients.

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      Traders work on the floor of the New York Stock Exchange

      'This Is Scary': Financial Industry Panic Spreads as Credit Suisse Teeters

      "Is this the next financial crisis unfolding? It feels like it may be—and all because of reckless increases in interest rates by central banks," argued one political economist.

      Jake Johnson
      Mar 15, 2023

      A vanishingly short period of relief in U.S. and global markets was shattered Wednesday after the scandal-plagued Swiss banking giant Credit Suisse announced that its auditor identified "material weakness" in its financial reporting and the firm's largest investor—the Saudi National Bank—said it wouldn't inject more cash to bolster the company.

      As its share price plunged, Credit Suisse intensified concerns about its financial health—and broader alarm about the stability of global markets—by pleading with the Swiss National Bank and the regulator Finma to issue public statements of support for the lender, which controlled roughly $580 billion in assets at the end of last year.

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