) on Tuesday cleared Chief Executive Tidjane Thiam of ordering the botched surveillance of the bank’s former wealth management head Iqbal Khan, but said its chief operating officer had resigned to take responsibility.
An internal investigation, carried out by the Homburger law firm, found COO Pierre-Olivier Bouee alone initiated observation of Khan to see if he was trying to poach former colleagues to join him at UBS. Generating sensational headlines about personal enmity between Thiam and Kahn in the normally dispassionate world of Swiss private banking, the scandal has also triggered a criminal investigation and hurt the image of everyone involved.
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Credit Suisse clears CEO of ordering surveillance of star banker, COO to departCredit Suisse on Tuesday cleared Chief Executive Tidjane Thiam of the botched su...
Source: Reuters - 🏆 2. / 97 Read more »
Consultant Linked to Surveillance of Former Credit Suisse Executive Reported DeadA consultant who helped Credit Suisse hire investigators to trail the bank’s former wealth-management chief died in an apparent suicide last week, according to a lawyer in Switzerland. Related to Hillbillary? I'd look into that first. Unidentified consultant who connected bank with private investigators is said to have died by suicide. 🤔
Source: WSJ - 🏆 98. / 63 Read more »
Credit Suisse Chief Operating Officer Resigns Over Surveillance ScandalPierre-Olivier Bouée resigned after an internal probe found he ordered the surveillance of the former wealth-management chief without discussing it with Chief Executive Tidjane Thiam or other senior bank officials. Please GROW-UP till the level of CHILDREN. We have very less time to become a GOOD HUMAN BEING. Please try to do it FAST. Please GROW-UP till the level of CHILDREN. We have very less time to become a GOOD HUMAN BEING. Please try to do it FAST.
Source: WSJ - 🏆 98. / 63 Read more »
Credit Suisse executive quits after snooping on ex-managerBank says chief operating officer Pierre-Olivier Bouee 'assumed responsibility for this matter' and that they have accepted his immediate resignation. Its head of global security services is also leaving immediately. Crooks
Source: trtworld - 🏆 101. / 63 Read more »
Credit Suisse contractor who hired a spy to trail a former top banker is reportedly dead by suicideThe investigative firm reportedly claimed in a memo to Credit Suisse that its employee acted alone and 'defensively' in the encounter. Wowwwww!!! Capitalism is officially cannibalism!! A little too late for them getting rid of the contractor. This news still broke That connection is suspicious. A spy who committed suicide - hmmm
Source: BusinessInsider - 🏆 729. / 51 Read more »
Credit Suisse's COO stepped down after a bonkers spying saga caused 'severe reputational damage'The bank called the spying 'wrong and disproportionate.' Separately, a Credit Suisse contractor who hired the firm that investigated Khan, reportedly died by... The Effect of extreme targeting! Another development on Tuesday: Swiss financial blog Inside Paradeplatz reported that a Credit Suisse contractor who hired Investigo, the firm that carried out the investigation into Khan, had been found dead by suicide. And a death by suicide by contractor ... Seems contagious. All these deaths by suicide. Any relationship to Clinton?
Source: BusinessInsider - 🏆 729. / 51 Read more »