Navigation

Credit Suisse cuts travel for Germany bankers

Bank Credit Suisse has heavily restricted the travel of its advisors that deal with German clients.

This content was published on March 21, 2010 - 15:47

The Zurich-based bank confirmed the move, according to articles published in two Swiss newspapers on Sunday.

Prosecutors in the city of Dusseldorf last week said they had evaluated a stolen CD containing information on German nationals with accounts in Switzerland. They have initiated investigations into around 1,100 people.

Among those implicated are the bank’s customers and staff. German authorities are after around €1.2 billion (SFr1.72 billion).

Former German Finance Minister Hans Eichel told the SonntagsBlick newspaper authorities should also act against the bank itself, investigating whether facilitating tax evasion was part of its business model in Europe’s largest economy.

“If a company does not respect the laws of the land, it cannot be working here,” said Eichel.

swissinfo,ch and agencies

Articles in this story

This article was automatically imported from our old content management system. If you see any display errors, please let us know: community-feedback@swissinfo.ch

In compliance with the JTI standards

In compliance with the JTI standards

More: SWI swissinfo.ch certified by the Journalism Trust Initiative

Contributions under this article have been turned off. You can find an overview of ongoing debates with our journalists here. Please join us!

If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.

Share this story

Change your password

Do you really want to delete your profile?