Evidence of further surveillance at Credit Suisse mounts up: Report

The bank had hoped that the departure of Thiam over the scandal and his replacement with Thomas Gottstein, a Credit Suisse veteran, would draw a line under the affair

Credit Suisse may have spied on more employees under its former chief executive Tidjane Thiam, Swiss newspaper SonntagsZeitung reported on Sunday, citing evidence of two further instances that had previously been undisclosed.

Switzerland’s market watchdog, FINMA, opened an enforcement case on Wednesday over the spying scandal to examine the bank’s culture and governance and whether management control failures allowed snooping on former executive board members.

Revelations of corporate espionage had rocked the discreet world of Swiss banking last year when it emerged that Credit Suisse had been spying on former wealth management boss Iqbal Khan, who was leaving for rival UBS (UBSG.S),