Credit Suisse Faces $36 Million Korea Short-Sale Fine: Chosun

Credit Suisse AG reportedly faces 50 billion won ($36 million) in penalties over illegal short selling in South Korea, where authorities are due to give an update on their broader investigation into the practice on Friday. The Financial Supervisory Service is imposing the fine on the Singapore and South Korean units of Credit Suisse over alleged illegal short selling, daily newspaper Chosun Ilbo reported, citing unidentified people in the industry and financial authorities. The penalty will be finalized after it is reviewed by committees at the FSS and the Financial...