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Credit Suisse Saga Reveals Ever-Present Bank Surveillance State

  • Deutsche Bank hired private eyes for board, HSBC for staff
  • Swiss bank’s board poised to decide executives fate this week
SWITZERLAND-BANKING-CREDITSUISSE

Photographer: Fabrice Coffrini/AFP via Getty Images

The scene: a street in Zurich. The mark: a wealthy Swiss banker. His pursuers: hired goons looking for intel.

It sounds like something ripped from John Le Carre. In fact, it’s real-life -- and not all that unusual in the world of high finance.