Swiss financial watchdog appoints independent investigator to Credit Suisse

ZURICH (Reuters) – Swiss financial market supervisor FINMA has appointed an independent investigator to look into Credit Suisse’s (S:) surveillance activities, it said on Friday.

“The observation activities carried out by Credit Suisse raise various compliance issues,” it said in a statement. “FINMA’s ongoing investigations of this matter will now be stepped up with the help of an independent auditor.”

Credit Suisse on Tuesday said it was looking into a report by a Swiss newspaper that its then-human resources boss was followed by private detectives in February, reviving concerns about its practices after a similar surveillance operation was uncovered in September.

It said on Friday it would publish the results of its investigation on Monday and would continue to fully cooperate with FINMA.

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