Tags: Credit | Suisse | Investigating | Employee | Misconduct

Credit Suisse Investigating Allegations of Employee Misconduct

Tuesday, 02 September 2014 06:46 PM EDT

Credit Suisse said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday.

The Wall Street Journal, citing sources familiar with the matter, said the Swiss bank had suspended an employee as part of an internal probe into electronic communications.

The newspaper said Zoe Henderson, a trader on the European equities sales desk in London, was alleged to have improperly shared client information with her husband, Toby Henderson, a trader at rival bank RBC Capital Markets.

The Wall Street Journal reported that the internal probe also uncovered communications from Henderson in which she complained about improper behavior by her colleagues.

It added that Henderson's boss, Andrew Davis, had recently gone on leave in connection with the probe.

Reuters could not independently confirm the allegations in the report.

In a statement Credit Suisse declined to comment on whether it had suspended any employees but said it was investigating the issue.

"With regard to the story published in today's Wall Street Journal, we cannot comment on employee matters under investigation," Credit Suisse said in a statement.

"However, any allegations of this nature are taken very seriously at Credit Suisse."

Zoe Henderson could not immediately be reached for comment. Toby Henderson did not immediately reply to a request for comment.

Andrew Davis could not immediately be reached for comment. His lawyer, Toby Stroh, told Reuters that there was due process being undertaken at the bank but declined to comment further.

Electronic communications like chat rooms have featured prominently in the investigations into the manipulation of Libor and Euribor benchmarks and the possible rigging of the $5.3 trillion-a-day currency markets.

A number of banks subsequently placed tighter controls on chat functions or limited access to certain forums.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
Credit Suisse said it was investigating allegations of trader misconduct reported in The Wall Street Journal on Tuesday.
Credit, Suisse, Investigating, Employee, Misconduct
288
2014-46-02
Tuesday, 02 September 2014 06:46 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved