News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

News

Swiss regulator launches case against Credit Suisse over spying of execs

Swiss regulator escalates its investigation into the bank’s surveillance of two executives

Tidjane Thiam, former chief executive officer of Credit Suisse, interviewed at the time of his final results presentation in February
Tidjane Thiam, former chief executive officer of Credit Suisse, interviewed at the time of his final results presentation in February Photo: Getty Images

Switzerland’s financial regulator said on 2 September it had started enforcement proceedings against Credit Suisse over the physical surveillance of two bank executives last year.

The Swiss Financial Market Supervisory Authority, known as Finma, said it would pursue potential violations of supervisory law in relation to Credit Suisse’s surveillance and security activities, “and in particular the question of how these activities were documented and controlled.”

WSJ Logo