Corporate Reporting Press Release

Press Release

Statement by Credit Suisse AG

In response to the current advertising campaign in several media outlets about legal proceedings in Geneva, Credit Suisse AG issues the following statement:

The Criminal Court in Geneva confirmed in its verdict of February 9th, 2018 that the former relationship manager had violated internal rules and Swiss law, engaged in criminal acts to deceive the bank’s control system, concealed his deceptions from colleagues and was not supported by anyone internally in his criminal acts. The Court recognized Credit Suisse AG as the damaged party in this matter. The decision of the appeal court is still pending. Credit Suisse follows a zero tolerance approach regarding misconduct by its employees. All parties admitted to the criminal proceedings have full access to the criminal file which contains all the information submitted by Credit Suisse AG in response to requests of the prosecutor and the Court.