Credit Suisse Said to Be Investigating out Two Equities Traders

Posted by BankInfo on Thu, Sep 04 2014 10:05 am

Credit Suisse Group AG (CSGN) is investigating two traders on its European equities sales group in London amid accusations of misbehavior, according to a person with expertise of the issue.

Zoe Henderson as well as Andrew Davis, who runs the desk, are being probed, stated the person, who asked not to be identified since they weren't licensed to talk openly. Both stay employees of the bank, the person added. Henderson has been specified as inactive on the Financial Conduct Authority's register since Feb. 13 as well as Davis since Aug. 4.

Henderson was accused by the bank of improperly sharing customer communications with her husband, an equities investor at Royal Bank of Canada, via electronic chatroom, the Commercial Diary reported earlier today, citing unknown people with expertise of the issue. Henderson has said to Credit rating Suisse her activities really did not punish customers and were regular method, the newspaper said. Her partner, Toby Henderson, continues to be in his task and also hasn't been implicated of misdeed, the Journal said.

Toby Henderson declined to comment to Bloomberg last 2 days ago. His wife couldn’t be reached through Credit Suisse, or located via directory aid or Web searches. Davis really did not react to messages left on his cellphone.

The investigation also discovered evidence of various other employees on the workdesk making use of racist as well as profane language and also enjoying sex videos in the office, the Commercial Journal said. Henderson had actually complained in discussing her colleagues' unsuitable behavior, the newspaper added.

'Any sort of accusations of this nature are taken very seriously,' Credit Suisse said in an e-mailed statement to Bloomberg News, referring to the traders' alleged behavior. 'We would have no tolerance for the type of unacceptable actions alleged in this account which would certainly be in clear infraction of our policies and also the higher standards we anticipate of all workers.'

Toby Stroh, Davis's lawyer at Druces LLP in London, declined to comment to Bloomberg News. Previously, he mentioned to the Journal his client intensely refutes Henderson's allegations.

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