Law \ Legal

Credit Suisse To Pull BlackBerrys, Apple IIes Out Of Storage

When you are admittedly not great at tracking and monitoring risk or, you know, those employees inclined to, um, allegedly bend the rules, perhaps, technology seems a strange place to seek economies. But, you know, Credit Suisse is running out of people and things to cut, and all of those fines, legal judgments and do-gooders aren’t going to pay for themselves—and neither is the bank’s dwindling revenue. And so all of those new compliance and risk-management people are going to have to make due keeping an eye on all Credit Suisse’s bankers are doing with their very rich and sophisticated clients with paper ledgers and slide rules.

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