Credit Suisse Conducts Internal Investigation

Swiss bank Credit Suisse placed five employees on leave. They worked on initial public offerings for Israeli companies.

The investigation into the employees, one of whom held a managerial position, is linked to possible breaches of U.S. tax laws by Israelis, Swiss newspaper «Schweiz am Sonntag» (paywall) reported Sunday, citing internal sources. A spokeswoman for Credit Suisse declined to comment beyond confirming the leave, news agency «Bloomberg» writes.

The five worked on Credit Suisse’s Israel desk, focusing on initial public offerings for Israeli technology companies,




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