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Five-nation tax evasion investigation takes Credit Suisse by surprise

Probe could jeopardise CEO Thiam's efforts to focus bank on wealth management

The fresh investigations come as Credit Suisse begins implementing a new global standard for the automated exchange of information for its European locations.


CREDIT Suisse Group AG and its home country of Switzerland were surprised by a tax evasion and money laundering investigation that spans five countries from Australia to the United Kingdom and potentially involves thousands of account holders.

Two people were arrested by...

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