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BREAKING NEWS

Credit Suisse says cooperating with EU Commission bond cartel probe

Credit Suisse says cooperating with EU Commission bond cartel probe
FILE PHOTO: The Credit Suisse logo is pictured on a bank in Geneva, Switzerland, October 17, 2017. REUTERS/Denis Balibouse/File Photo -
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Denis Balibouse(Reuters)
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ZURICH (Reuters) - Credit Suisse <CSGN.S> is continuing to cooperate with the European Commission's investigation into alleged price fixing on the trading of dollar-denominated bonds, the Swiss bank said on Thursday.

"We do not believe any Credit Suisse employees engaged in anti-competitive conduct, and we hope to dispel the concerns raised by the EC," Credit Suisse said in a statement.

"Regardless of the merits of the EC's concerns, from a Credit Suisse perspective they relate only to trading by a single former employee who left the bank in early 2016.”

(Reporting by John Miller; Editing by Kirsten Donovan)

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