Credit Suisse has been forced into a second embarrassing apology.
Keystone / Walter Bieri
An investigation by Credit Suisse has confirmed that a second employee was placed under “inexcusable” surveillance. The bank said that employees had lied about this during an earlier probe into the spying of a former executive.
This content was published on
2 minutes
swissinfo.ch/mga
Português
pt
Credit Suisse admite mais um caso de espionagem interna
But the bank denied that CEO Tidjane Thiam or the board of directors had been aware of either spying case. The blame has again been laid squarely with former executive Pierre-Olivier Bouée, who has been sacked.
The bank had already apologized for spying on former wealth management head Iqbal Khan, who has subsequently moved on to rivals UBS. It has now been forced to repeat this message regarding its former head of human resources Peter Goerke.
“The observation of Peter Goerke, which has now been confirmed, is inexcusable,” chairman Urs Rohner said in a statement on MondayExternal link. “It is of grave concern that the responsible individuals failed to answer truthfully about this observation during the external investigation in September 2019.”
“We are aware that the observations of Iqbal Khan and Peter Goerke have damaged the reputation of our bank. With the measures that we have put in place, we are sending a clear message that the Board of Directors firmly rejects a culture of observation.”
“These include personnel decisions and the mandate to implement more rigorous internal policies.”
More
More
Credit Suisse braced for ‘spygate’ reputational fallout
This content was published on
How deeply will the Credit Suisse spying scandal affect the bank’s reputation among shareholders and private banking clients?
As a Swiss Abroad, how do you feel about the emergence of more conservative family policies in some US states?
In recent years several US states have adopted more conservative policies on family issues, abortion and education. As a Swiss citizen living there, how do you view this development?
Addictions cause billions in damage in Switzerland
This content was published on
The alcohol, tobacco and gambling industries generate billions in revenue. At the same time, they cost the economy billions, according to Addiction Switzerland.
Swiss parliament moves closer to partial ban of tobacco ads
This content was published on
Tobacco advertising should be partially banned in the print media. On Monday the House of Representatives gave the go-ahead for restrictions on advertising, with some relaxations.
Online platforms and UBS in sights of Swiss price watchdog
This content was published on
With over 800 cases processed, including just under 400 recommendations, 2024 once again ended with a record number of cases for the Swiss price watchdog.
Swiss federal office sees no reason to end deportations of asylum-seekers to Croatia
This content was published on
Switzerland's State Secretariat for Migration (SEM) continues to deport asylum-seekers to Croatia. It thus rejects a demand from the Swiss Refugee Council in mid-February, which called for a halt to the returns.
ChatGPT responds to negative emotions and therapy, research shows
This content was published on
Stressful information can also cause anxiety in artificial intelligence (AI). As scientists in Zurich have shown, it's even possible to calm the GPT-4 AI model with mindfulness exercises.
Mortgage benchmark fall paves way for potential rent cuts in Switzerland
This content was published on
Switzerland’s national benchmark for mortgage costs dropped to the level it had before the global inflation surge, paving the way for potential rent reductions.
Switzerland ‘deeply concerned’ by Trump’s death penalty order
This content was published on
Switzerland has told the UN Human Rights Council that it is "deeply concerned" by US President Donald Trump's recent executive order to strengthen capital punishment at federal and state level.
Blatter, Platini return to court for new fraud trial over CHF2 million FIFA payment
This content was published on
Former FIFA President Sepp Blatter and former UEFA President Michel Platini appeared in court in Switzerland on Monday accused of fraud - 2.5 years after they were cleared.
Israel criticises Swiss decision to host Middle East conference in Geneva on Friday
This content was published on
Israel has condemned Switzerland for planning to host a meeting on international humanitarian law in the Middle East next Friday in Geneva.
This content was published on
FINMA says it is appointing an independent auditor to investigate Swiss bank Credit Suisse “in the context of observation activities”.
The feud at Credit Suisse that has shaken Swiss banking
This content was published on
Swiss banking has been rocked by lurid details of the relationship breakdown between Credit Suisse CEO Tidjane Thiam and star banker Iqbal Khan.
Paper reports new surveillance case involving Credit Suisse executive
This content was published on
A senior Credit Suisse human resources executive was tailed by private investigators in February, the NZZ newspaper reported on Tuesday.
This content was published on
The bank doubled profits for the period to CHF881 million ($886 million) compared to Q3 2018. Its International Wealth Management division, which used to be run by Iqbal Khan who was at the centre of the spygate row, saw pre-tax income rise 43% to CHF539 million. Wealth management returns were, however, boosted by the recent…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.