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.
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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.”
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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…
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