Financial authority to probe Credit Suisse over spying scandal
The Swiss authority has started enforcement proceedings over the spying on former employees that led to the ouster of its former CEO
02 September 2020 - 12:15
Zurich — Switzerland’s financial market authority (Finma) has started enforcement proceedings against Credit Suisse Group over the spying on former employees that led to the ouster of former CEO Tidjane Thiam.
The move marks an escalation of regulatory involvement in the scandal, which has also seen probes by Swiss prosecutors. Finma said it will pursue indications of violations of supervisory law and, in particular, the question of how these activities were documented and controlled...
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