Credit Suisse Dismisses Trader Who Cost Bank $6 Million

wochit business
October 31, 2013 AT 5:43 PM
Credit Suisse Group has dismissed a trader who cost the bank $6 million in losses from "unusual trading activities" that are being looked at by regulators. The Swiss bank dismissed Rohit Jha, an exchange-traded-funds trader, this week and suspended his boss, Matthew Tagliani.