CS prepares to hand over client names to France
The Credit Suisse Group says it will pass the names of clients holding French securities to the French markets authority.
A spokesman for Switzerland’s second-largest bank partly confirmed an article in the Swiss daily newspaper, Le Temps.
He explained that CS had sent a letter to French clients holding French stocks or securities asking for authorisation to pass on information to the Autorité des Marchés Financiers (AMF), the financial markets regulator.
The CS spokesman said the assertion that the bank would hand over clients’ details to French tax authorities was incorrect, although the tax authorities could have access to data from the AMF if required as part of a criminal investigation.
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