Credit Suisse chief Thiam quits as spy scandal swells – Saudi Gazette

Credit Suisse chief Thiam quits as spy scandal swells – Saudi Gazette

GENEVA, Switzerland - The head of Credit Suisse, Tidjane Thiam, said Friday he would step down next week, as a ballooning spying scandal rocks Switzerland's second largest bank.. Thiam, a 57-year-old French-Ivory Coast national, previously held the top post at British insurer Prudential before taking the helm of Credit Suisse five years ago.. Bank chairman Urs Rohner said the outgoing chief executive had "made an enormous contribution to Credit Suisse".But Thiam, who once served as an Ivorian government minister, had become increasingly embattled amid a swelling scandal over revelations the bank had spied on employees.. Credit Suisse has also recently been the target of climate campaigners, including Greta Thunberg, who urged Swiss tennis great Roger Federer to cut ties with the bank over its fossil fuel investments.. Following the news, Credit Suisse saw its share price plunge 3.56 percent to 12.34 Swiss francs a piece in morning trading, as the Swiss stock exchange's main SMI index slipped just 0.23 percent..