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Second investor backs Credit Suisse ahead of spying scandal report

Tidjane Thiam
Tidjane Thiam is chief executive of Credit Suisse Credit: Bess Adler/ Bloomberg

Another Credit Suisse shareholder has spoken out in defence of the bank’s bosses as chief executive Tidjane Thiam faces a potentially embarrassing report into the surveillance of one of its bankers this week.

The Swiss bank is battling to restore its reputation after it emerged that it had hired detectives to shadow star banker Iqbal Khan when he resigned to join rival UBS over the summer.

A report into the matter conducted by an external law firm is expected in the coming days.

Mr Khan was reportedly tailed by a car containing three men while out in Zurich amid concerns that he was going to take bankers with him to UBS. When he took pictures of the trio, they are said to have tried to wrest...

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