Credit Suisse has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of the Chief Executive Tidjane Thiam, a spokesperson for the Swiss bank said...
The affair became public when Khan, after defecting to UBS, confronted a private detective who was following him and his wife through Zurich.
What Credit Suisse initially described as a rogue spying case run by then-Chief Operating Officer Pierre-Olivier Bouee widened as details emerged of other instances of surveillance.
As
well as the departures of Bouee and Thiam, a private investigator who
organized the surveillance committed suicide after the affair came to
light. more