Bank Leu Releases Two Advisors After Loss On Unauthorized Trades


Bank Leu, a Zurich-based private banking subsidiary of the Credit Suisse Group, has released two investment advisors after they lost an estimated CHF10-20 million on unauthorized foreign exchange trades. A spokesperson for the bank says the two former staff--who have not been named--were dismissed last May after their fraud was uncovered by Bank Leu's internal control group.

Bank Leu is now considering legal action against the two advisors, says the spokesperson. The bank's internal control

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: