Credit Suisse restricts bankers' travel to Germany
Credit Suisse said it is restricting bankers' travel to Germany after authorities there said they had begun 1,100 tax evasion investigations against the bank's clients and were investigating staff on suspicion of aiding evasion, Reuters reported.
Credit Suisse Group is splitting its Europe, Middle East and Africa private banking unit into two to better address the diverging needs of clients in Western and Emerging Europe, the private banking unit's chief executive, Hans-Ulrich Meister, said Monday.