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. Last Updated: 07/27/2016

Japan Slams Swiss Bank

ZURICH, Switzerland -- Credit Suisse, Switzerland's second-largest banking group, said it had until Monday to comment on penalties recommended by Japan's financial watchdog, including the suspension of one of its unit's banking license.

"We have until Monday to state our position," a CS spokeswoman said Wednesday, the day after Japan's Financial Supervisory Agency told CS of its probe into alleged irregularities.