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Credit Suisse settles spying case with former executive Iqbal Khan

Bank closes out of court in bid to put reputation-damaging saga to bed

The settlement comes as Credit Suisse also faces the fallout from the collapse of Archegos Capital and Greensill Capital
The settlement comes as Credit Suisse also faces the fallout from the collapse of Archegos Capital and Greensill Capital Photo: Getty Images/Stefan Wermuth

Credit Suisse has reached a settlement with former international wealth management head Iqbal Khan and private investigators over a spying scandal that made headlines in 2019. 

A spokesperson for the Swiss bank told Financial News that “all involved parties” have agreed to settle and that the “matter is now closed”.

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