Litigation and writedowns push Credit Suisse to fourth-quarter loss

Credit Suisse swung to a fourth-quarter loss of SFr353m ($393m) as coronavirus-related credit writedowns and provisions for litigation eroded modest gains in underlying performance at the bank. Write-offs related to underperforming loans and defaults tripled to SFr1.1bn, almost four times higher than the average level over the previous 11 years, the bank said on Thursday. …

Divorce and the Pandemic: 6 Issues that Could Lead a Couple to Splitting Up

It is hard to believe that we have been living through the COVID-19 pandemic for nearly a year, still facing these strange times of shutdowns, masks, quarantining, and now, vaccines. I think we’d all agree that living in a pandemic is painful and can put a huge strain on relationships, including a marriage. But what …

7 Things That Contribute To Negative Effects of Divorce on Children

Research has shown that the most damaging part of divorce for children is involving them in loyalty binds.  A loyalty bind happens when a child must make a choice that will be wrong with one parent and not the other. The child feels caught in the middle between parents. Basically, they get the message that …

New Technologies Come with New Litigation Risks

Mitigating cybersecurity and data privacy risks A data breach can lead to confidential medical data being exposed, and significant reputational damage, so it is important to have an up-to-date cyber incident response plan. Such a breach may prompt regulatory investigations by multiple government enforcement agencies, collective and class action law suits, and even shareholder class …