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Critical Credit Suisse Report Unsealed for Geneva Prosecutor

Jan. 15, 2020, 4:48 PM

A critical report from Switzerland’s financial regulator into Credit Suisse Group AG’s failure to prevent fraud by one of its former wealth managers can now be accessed by Geneva prosecutors after a court lifted a seal on its use.

The bank last year had asked prosecutor Yves Bertossa to seal the report, which he was legally required to do after such a request, even thought it related to an ongoing investigation into Patrice Lescaudron.

Geneva’s Court of Constraint Measures has now lifted that seal, clearing the way for him to consult and use the report, a spokesman for...

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