The Swiss Federal Court has reinstated the conviction of former Raiffeisen CEO Pierin Vincenz, affirming a lower court's sentence of three years and nine months in prison. The Zurich public prosecutor's appeal was accepted, confirming that Vincenz and his co-defendants are guilty as determined in the initial ruling. The court has ruled against reopening the case, meaning Vincenz's conviction stands, and the appellate court will now handle the appeal process. In a separate legal matter, Morgan Stanley's Swiss unit was fined 1 million Swiss francs for failing to prevent money laundering linked to a former banker involved in a kickback scheme related to arms sales in Greece.