Credit Suisse Wins Bid to Keep Fraud Report Secret
- Geneva court suspended prosecutor’s plan to share Finma report
- Banker convicted of fraud in 2018 before his suicide in July
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Credit Suisse Group AG won a bid to stall the release of a report into how it failed to prevent fraud and money laundering by one of its former star bankers, Patrice Lescaudron.
A Geneva appeals court issued a suspension order late last month to temporarily keep the two-year-old report by Switzerland’s financial regulator under wraps, the cantonal prosecutor’s office said, declining to give more information.