Beautiful Virgin Islands

Tuesday, Jul 15, 2025

Credit Suisse blames former executive for second spying scandal

Credit Suisse blames former executive for second spying scandal

Credit Suisse is blaming a former high ranking executive for placing a second top employee under surveillance earlier this year.
The Swiss investment bank said Monday that ex-chief operating officer Pierre-Olivier Bouée ordered a spying operation on Credit Suisse's former head of human resources for several days in February, and later covered up the scheme.

Credit Suisse (CS) said that Bouée tapped a "third-party firm" to observe Peter Goerke "on behalf of Credit Suisse." The company did not explain why Bouée had Goerke watched.

Goerke left his HR role and the bank's executive board in late February to become Credit Suisse's senior adviser for new projects in Asia and China.

It's the second time Bouée has been implicated in a spying scandal at the bank. He stepped down this fall after an investigation found that he asked the bank's head of security to spy on Iqbal Khan, Credit Suisse's head of wealth management, in August after crosstown rival UBS (UBS) announced that Khan would be joining them. The head of global security also resigned.

On Monday, Credit Suisse said that Bouée was asked after that incident whether he had ordered surveillance on anyone else. Bouée "did not respond truthfully when asked about any additional observations and did not disclose the observation of Peter Goerke," the bank said in its statement. It added that the board of directors has now decided to fire Bouée. He had earlier resigned.

The board also said it has apologized to Goerke.

The bank enlisted Swiss law firm Homburger to investigate the surveillance of Goerke after media reported that he was a target. A Swiss newspaper, the Neue Zürcher Zeitung said last week that Goerke had been placed under observation. It cited documents and photos.

Credit Suisse said that it found no indication that CEO Tidjane Thiam and other members of the executive board or board of directors knew anything about the latest spying case until the media reported on it. And it said the bank has already put in place "more rigorous internal policies" to stop this from happening again.

"The observation of Peter Goerke, which has now been confirmed, is inexcusable," said Urs Rohner, chairman of the board of directors, in a statement Monday. He said the board "firmly rejects a culture of observation."
Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
Iranian President Reportedly Injured During Israeli Strike on Secret Facility
EU Delays Retaliatory Tariffs Amid New U.S. Threats on Imports
Trump Defends Attorney General Pam Bondi Amid Epstein Memo Backlash
Renault Shares Drop as CEO Luca de Meo Announces Departure Amid Reports of Move to Kering
Senior Aides for King Charles and Prince Harry Hold Secret Peace Summit
Anti‑Semitism ‘Normalised’ in Middle‑Class Britain, Says Commission Co‑Chair
King Charles Meets David Beckham at Chelsea Flower Show
If the Department is Really About Justice: Ghislaine Maxwell Should Be Freed Now
NYC Candidate Zohran Mamdani’s ‘Antifada’ Remarks Spark National Debate on Political Language and Economic Policy
President Trump Visits Flood-Ravaged Texas, Praises Community Strength and First Responders
From Mystery to Meltdown, Crisis Within the Trump Administration: Epstein Files Ignite A Deepening Rift at the Highest Levels of Government Reveals Chaos, Leaks, and Growing MAGA Backlash
Trump Slams Putin Over War Death Toll, Teases Major Russia Announcement
Reparations argument crushed
Rainmaker CEO Says Cloud Seeding Paused Before Deadly Texas Floods
A 92-year-old woman, who felt she doesn't belong in a nursing home, escaped the death-camp by climbing a gate nearly 8 ft tall
French Journalist Acquitted in Controversial Case Involving Brigitte Macron
Elon Musk’s xAI Targets $200 Billion Valuation in New Fundraising Round
Kraft Heinz Considers Splitting Off Grocery Division Amid Strategic Review
Trump Proposes Supplying Arms to Ukraine Through NATO Allies
EU Proposes New Tax on Large Companies to Boost Budget
Trump Imposes 35% Tariffs on Canadian Imports Amid Trade Tensions
Junior Doctors in the UK Prepare for Five-Day Strike Over Pay Disputes
US Opens First Rare Earth Mine in Over 70 Years in Wyoming
Kurdistan Workers Party Takes Symbolic Step Towards Peace in Northern Iraq
Bitcoin Reaches New Milestone of $116,000
Biden’s Doctor Pleads the Fifth to Avoid Self-Incrimination on President’s Medical Fitness
Grok Chatbot Faces International Backlash for Antisemitic Content
Severe Heatwave Claims 2,300 Lives Across Europe
NVIDIA Achieves Historic Milestone as First Company Valued at $4 Trillion
Declining Beer Consumption Signals Cultural Shift in Germany
Linda Yaccarino Steps Down as CEO of X After Two Years
US Imposes New Tariffs on Brazilian Exports Amid Political Tensions
Azerbaijan and Armenia are on the brink of a historic peace deal.
Emails Leaked: How Passenger Luggage Became a Side Income for Airport Workers
Polish MEP: “Dear Leftists - China is laughing at you, Russia is laughing, India is laughing”
BRICS Expands Membership with Indonesia and Ten New Partner Countries
×