Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Credit Suisse Banker Naseem Wins Bail as Defense Outlines Case

Credit Suisse Group investment banker Hafiz Naseem may be freed from jail after a federal judge said the insider trading case against him could lead to an acquittal.

Naseem, 37, was arrested in New York May 3 and charged with leaking tips about nine deals on which Credit Suisse advised. The scheme netted one conspirator more than $7.5 million, U.S. prosecutors said.

U.S. Magistrate Judge James Francis today reversed the decision of another judge and said Naseem may be freed on a $1 million bond after Naseem's lawyer outlined the defense case. Prosecutors have until 4:45 p.m. today to decide whether to appeal, Francis said.

``Clearly a jury could look at the facts as they've been laid out in the complaint and decline to convict,'' Francis said after a bail hearing in Manhattan federal court.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.