
Credit Suisse pushes back on reports of controversial accounts
CNN
Credit Suisse pushed back Sunday after multiple media outlets reported that the Swiss investment bank had clients that included criminals, alleged human rights abusers and parties facing sanctions.
"Credit Suisse strongly rejects the allegations and insinuations about the bank's purported business practices," the bank said in a news release Sunday. "The matters presented are predominantly historical, in some cases dating back as far as the 1940s, and the accounts of these matters are based on partial, inaccurate, or selective information taken out of context, resulting in tendentious interpretations of the bank's business conduct."
The Organized Crime and Corruption Reporting Project, a non-profit reporting platform, said in a news release that a whistleblower leaked information to the German newspaper Süddeutsche Zeitung. The OCCRP said that its investigation looked at data from more than 18,000 accounts worth more than $100 billion, opened between the 1940s and the 2010s.