Credit Suisse Gets Extra EU Charge Sheet in FX Rigging Probe
- EU supplementary objections may delay conclusion of case
- Swiss lender is fighting EU allegations of wrongdoing
Credit Suisse Group AG's headquarters in Zurich.
Photographer: Stefan Wermuth/BloombergThis article is for subscribers only.
Credit Suisse Group AG received an extra antitrust charge sheet from the European Commission, signaling more potential delays in a drawn-out probe into the lender’s suspected involvement in manipulation of foreign-exchange markets.
The EU and the Zurich-based bank confirmed the so-called supplementary statement of objections, which adds to earlier charges sent in July 2018 based on information swapped in currency traders’ chatrooms. Credit Suisse denies wrongdoing and is fighting allegations that other banks have agreed to settle.