Credit Suisse Group AG said it reached a settlement with its former wealth-management executive Iqbal Khan and a private detective firm, calling to a close a spying scandal that rocked one of Europe’s biggest lenders and ultimately led to the ouster of its chief executive officer Tidjane Thiam last year.
“All involved parties have agreed to settle, and this matter is now closed,” a spokesperson for the bank said on Sunday, confirming that it had reached a settlement with Khan, his wife and the private detective firm Investigo. No further details were disclosed. A probe by Swiss financial regulator Finma into the company’s surveillance activities is ongoing.
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July 26, 2021 at 04:30AM
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Credit Suisse Settles Spying Case With Ex-Wealth Chief Khan - Bloomberg
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