Credit Suisse: Nail-Biter in Geneva
Credit Suisse is bracing for a tough couple of days in Geneva, where a former banker is standing trial for embezzlement. The claimants are rich Eastern European clients eager to retrieve assets they kept at the Swiss banking giant.
The trial starts on Monday and is slated to last for almost two weeks. The accused, a 54-year-old French citizen and former private banker of Credit Suisse stands accused of fraud, forgery of document and corporate fraud.
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