Credit Suisse Puts Spy-Scandal Blame on CEO’s Top Lieutenant

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Credit Suisse Puts Spy-Scandal Blame on CEO’s Top Lieutenant
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Credit Suisse probe clears CEO Tidjane Thiam of involvement in a spy scandal that has enveloped the bank, laying blame on a deputy, who has resigned

A probe ordered by Credit Suisse Group AG cleared Chief Executive Tidjane Thiam of involvement in a spy scandal that has enveloped the bank, and laid primary blame for the affair on a close deputy, who resigned.

The bank said Chief Operating Officer Pierre-Olivier Bouée, who was part of Mr. Thiam’s inner circle, resigned after the probe found he ordered the surveillance of the bank’s former wealth-management chief, Iqbal Khan, without discussing it with Mr. Thiam or other senior bank officials.

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