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Credit Suisse in turmoil over US tax investigation

May, 01 2014

Senior staff in Credit Suisse have been at odds with each other over their approach to the US Department of Justice investigation.

Senior staff in Credit Suisse have been at odds with each other over US$ tax investigation Pincasso

The former head of a private bank for the America’s within the Credit Suisse group, Anthony DeChellis, has told investigators about the internal disagreements. It appears that Mr DeChellis wanted to raise concerns about the way some staff were dealing with clients who are now being investigated for tax evasion. He was then told that he would need to stand down from his post. No settlement has yet been reached with the authorities. Source: Financial Times