Reported 20 days ago
The UK's Financial Conduct Authority (FCA) is investigating allegations that former Credit Suisse employees shared confidential information via WhatsApp. Documents reveal the FCA has been collecting evidence since February 2023 concerning conduct within Credit Suisse's London research unit. If sufficient evidence is gathered, the FCA may launch a formal investigation leading to potential fines or bans on individuals in the financial industry. This scrutiny follows past fines against Credit Suisse for mishandling employee communications and comes amidst heightened regulatory oversight on messaging app usage.
Source: YAHOO