Credit Suisse Faces Geneva Probe Tied to Former Bankers

Geneva prosecutors are investigating whether a Credit Suisse Group AG unit failed to stop money laundering in a widening fraud case tied to a defunct asset manager, according to people familiar with the probe.

Prosecutors added the bank to the criminal investigation late last week after two former employees were named as suspects over the summer, said the people, who didn’t want to be identified discussing an open case. Four people at Credit Suisse and four at the asset manager, TG Investments, including its two founding partners are suspects, the people said.