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Sunday, May 5, 2024

‘Suisse Secrets’ puts Swiss banking back in spotlight

Switzerland’s second largest bank was rocked Sunday by a vast investigation by dozens of media organisations into leaked data they said showed Credit Suisse held more than US$8 billion in accounts of criminals, dictators and rights abusers. (File photo)

ZURICH: The “Suisse Secrets” data leak claiming to reveal how Credit Suisse handled billions of dollars in dirty money has renewed pressure on Switzerland’s financial sector, which has spent years trying to clean up its image.

Switzerland’s second largest bank was rocked Sunday by a vast investigation by dozens of media organisations into leaked data they said showed Credit Suisse held more than $8 billion in accounts of criminals, dictators and rights abusers.

The bank flatly rejected the “allegations and insinuations” in the investigation, coordinated by…

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