15/12/2011
Credit Suisse claims it never withdrew funds from United States
In the wake of the UBS scandal in the United States, Credit Suisse has claimed that it made no systematic transfers of the assets of US clients to cantonal or other banks, the chairman of the board of directors, Urs Rohner, has told Handelszeitung, Agefi Switzerland reports. “Since 2008, CS has had a clear rule that no UBS clients will be taken on. If it turns out that some employees did not follow this rule, their actions will be sanctioned.” As former head of legal at CS, Rohner says that the firm has no fears of finding itself involved in a quarrel with the United States over the issue of diverting assets abroad. “There is no reason for that, and I would invest all my time there if necessary.” The chairman claims that a global solution to the issue with the United States, including all banks, would be ideal. He says he has never heard any talk of reimbursements of USD8bn that banks are reported to be paying in the United States.
