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U.S. regulators probe Credit Suisse hiring in Asia

Published 02/14/2018, 03:41 AM
Updated 02/14/2018, 03:50 AM
© Reuters. A logo of Credit Suisse is pictured on a building in Geneva
CSGN
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FRANKFURT (Reuters) - U.S. authorities are investigating whether Credit Suisse (SIX:CSGN) hired referrals from government agencies and state entities in Asia in exchange for investment banking business and regulatory approvals, the Swiss bank said on Wednesday.

© Reuters. A logo of Credit Suisse is pictured on a building in Geneva

Credit Suisse said it was in contact with the Department of Justice and the U.S. Securities and Exchange Commission (SEC) about its hiring in the region because of "potential violation of the US Foreign Corrupt Practices Act".

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