Credit Suisse Tabloid Scandal Explodes Into Threat to CEO Thiam
- Board of directors is set to conclude spying probe this week
- Bank is scrambling to contain crisis after Iqbal Khan incident
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What started as an embarrassing tabloid scandal at Credit Suisse Group AG has suddenly emerged as a very real threat to the bank’s top executives, including Chief Executive Officer Tidjane Thiam.
Outside investigators are reporting directly to Chairman Urs Rohner, who will move swiftly to take punitive action against the institution’s senior officials if they’re found to be responsible, a person familiar with the situation said, asking not to be identified because of the sensitivity of the matter.