Credit Suisse photograph

Credit Suisse

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Web site www.credit-suisse.com
Ceo Tidjane Thiam
HeadquartersZürich
Switzerland
Revenue21. 79 billion CHF (2018)
Number of employees45,680 (FTE, end 2018)
Founders Alfred Escher
Founded1856
AddressVia Santa Margherita, 3, 20121 Milano MI
Hours Open ⋅ Closes 8PM
Phone 800 505 515
Date of Reg.
Date of Upd.
ID621276
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About Credit Suisse


Credit Suisse Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains offices in all major financial centers around the world.

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... Before Panorama s revelations, Cameron had repeatedly refused to tell Parliament how much he made promoting Greensill to investors who included customers of Swiss investment bank Credit Suisse...

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Apr 4,2023 11:31 am

...By Vishala Sri-PathmaBBC NewsShareholders in Credit Suisse have told the firm they feel " failed" and " cheated" after the collapsed bank was rescued by its long-time rival UBS...

Spying scandal forces out Credit Suisse executive

Mar 28,2023 7:20 am

Credit Suisse 's chief operating officer has resigned after a probe found he arranged the surveillance of an executive who left to join rival UBS.

Private detectives were hired to track The Swiss bank's former head of wealth management, Iqbal Khan in September, in a scandal That has rocked the normally staid world of Swiss banking.

Mr Khan left The Bank In July .

There was no indication chief executive Tidjane Thiam , who had fallen out with Mr Khan, knew about the surveillance.

Credit Suisse said The Investigation found That it was chief operating officer Pierre-Olivier Bouée Alone who had decided to initiate the observation of Mr Khan.

Property row

Mr Khan had initially been praised and promoted by Mr Thiam.

But there were reports That a personal animosity had developed, which intensified after Mr Khan bought and spent two years redeveloping a property near Lake Zurich which neighboured a property belonging to his boss.

Media reports suggest there was an altercation in January between Mr Khan and Mr Thiam's girlfriend at a cocktail party held by The Chief executive at his home, over trees planted on Mr Thiam's property.

Shortly after That Mr Khan announced his departure from Credit Suisse .

Mr Khan left Credit Suisse earlier this year

The scandal surfaced in September when it transpired That The Bank had hired corporate intelligence firm Investigo to track Mr Khan, due to fears he might poach clients when he started work at UBS This Week .

Mr Khan, after noticing he was being tailed, confronted the person observing him. His version of the altercation That ensued differs markedly from The Report from Investigo and The Incident is under criminal investigation.

'Severe reputational damage'

Questions were raised over who within Credit Suisse instigated the operation to have Mr Khan followed, and who was aware of it.

As a result Credit Suisse hired law firm Homburger to examine The Chain of responsibility and whether Mr Khan had violated the terms of his Contract .

Mr Thiam joined Credit Suisse as chief executive in 2015 after a career at Prudential

The Personal relationship between Mr Thiam and Mr Khan was not part of The Investigation , Credit Suisse said.

"The Homburger investigation did not identify any indication That The Ceo had approved the observation of Iqbal Khan nor That he was aware of it prior to September 18, 2019, after the observation had been aborted," The Bank said.

That the decision to observe Mr Khan was "wrong and disproportionate and has resulted in severe reputational damage to The Bank ".

The Homburger report said neither its own investigations nor those of intelligence firm Investigo found evidence That Mr Khan had attempted to poach employees or customers away from Credit Suisse .



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Source of news: bbc.com

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