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?
Swiss central banker wants to boost equity to head off risks
This content was published on
Equity levels at the Swiss National Bank (SNB) are much too low for the risks its large balance sheet poses, according to Martin Schlegel.
Beer sales in Switzerland watered down by bad weather
This content was published on
The past brewing year fell through in Switzerland, partly due to the bad weather. Beer sales shrank again. For the first time, per capita consumption fell below the 50 liter mark.
Compensation for Syrian after pregnant wife denied help on Swiss train
This content was published on
Switzerland’s Federal Court has partially upheld the appeal of a Syrian family being deported from Switzerland to Italy in 2014. The man now also receives compensation.
Swiss-EU negotiations: Cassis to meet Sefcovic in Bern
This content was published on
Swiss Foreign Minister Ignazio Cassis will meet the Vice-President of the EU Commission, Maros Sefcovic, in Bern on Wednesday.
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.