Credit Suisse CEO Thiam Breaks Silence on Spying Scandal
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Tidjane Thiam tried to win back his troops at Credit Suisse Group AG after surviving a spying scandal, telling staff in a memo that “full accountability” has been taken with the resignation of his long-time confidante.
Recent events are “deeply regrettable” as the reputation of Switzerland’s second-largest bank has suffered and mistakes have been made, the Chief Executive Officer wrote in an internal memo seen by Bloomberg News. Credit Suisse declined to comment.