South Korea fines Credit Suisse for illegal stock short selling

South Korea fines Credit Suisse for illegal stock short selling

FILE PHOTO: A Swiss flag is pictured above a logo of Swiss bank Credit Suisse in Bern, Switzerland, November 15, 2023. REUTERS/Denis Balibouse/File Photo

South Korea’s financial regulator imposed record high fines on two subsidiaries of the former Credit Suisse group for stock short-selling violations, the regulator said on Wednesday.