Credit Suisse is seeking to draw a line under one of the worst scandals in its recent history after the bank hired a private detective agency to shadow a former executive because of fears he’d poach employees after moving to UBS Group AG.
ZURICH: Credit Suisse Group AG’s board is backing chief executive officer Tidjane Thiam ahead of a crucial meeting that will determine who takes the blame for a botched spying scandal, according to sources
Recent expressions of support by shareholders for senior executives is swaying the board, which has few obvious successors for Thiam should he be ousted, the sources said. Credit Suisse, whose investigators had been focusing on the role of chief operating officer Pierre-Olivier Bouee, are still weighing whether any executive at the board level will be punished, the sources said.
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