Credit Suisse : places five employees on leave over tax probe

Credit Suisse has placed five employees on leave while it carries out an internal investigation related to tax matters, the Swiss bank said on Sunday.

Swiss newspaper SonntagsZeitung reported earlier the bank’s action was in connection with a U.S. investigation into Credit Suisse’s Israeli unit over possible tax evasion.

“Credit Suisse is carrying out an internal investigation relating to tax matters,” the bank said in a statement. “The review is focusing on employee conduct.”

Read on.

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