trending Market Intelligence /marketintelligence/en/news-insights/trending/ZTmHznNh7342kIbTc-rmlw2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

FINMA seeks answers to questions over Credit Suisse's spying case

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


FINMA seeks answers to questions over Credit Suisse's spying case

The Swiss Financial Market Supervisory Authority, or FINMA, said it still has unanswered questions about Credit Suisse Group AG's surveillance activities, signaling a deepening investigation into the bank's spying affair.

FINMA Chairman Thomas Bauer said Credit Suisse's use of external security companies is not a supervisory issue in itself, but that the group still has to answer the regulator's queries about its corporate governance, including documentation, control, information behavior and communication channels, Reuters reported, citing Bauer's statements to Swiss newspaper Tages-Anzeiger.

Credit Suisse COO Pierre-Olivier Bouée resigned in October 2019 after taking responsibility for putting former wealth management head Iqbal Khan under surveillance. In December 2019, the bank admitted to spying on another former executive after FINMA announced that it appointed an independent auditor to investigate the spying case.

Bauer said the question of regulatory action against Credit Suisse remains open, the report noted.