News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Investment Banking

Credit Suisse spied on more employees than it previously disclosed

As Swiss bank moves to recover from spying scandal, two prior instances of physical surveillance emerge

Lawyers hired by Credit Suisse’s board in the aftermath of a spying scandal last year have found two earlier instances of employees being followed by private investigators, despite the bank’s assertions that it doesn’t condone physical surveillance.

The additional incidents of surveillance found by Homburger predate 2019’s high-profile scandal that involved two employees being followed, and they weren’t ordered by the same people, according to people familiar with the law firm’s findings. The findings haven’t previously been reported.

WSJ Logo