Last Sunday, we @SZ @OCCRP published the #SuisseSecrets about the dubious customers & the lack of due diligence at Credit Suisse. The bank responded with a press statement - as it can be misleading, but is nevertheless picked up by many journalists, it is time for some context👇 
The bank stated "The matters presented are predominantly historical, in some cases dating back as far as the 1940s". Fact is: more than two-thirds of the #SuisseSecret-accounts were opened since 2000 & several customers confirmed that their accounts are still open in 2022 (!)
The bank stated "90% of the reviewed accounts are today closed or were in the process of closure". But: the #SuisseSecrets do contain info on more than 18000 accounts and we only asked the bank for dozens of them. "90%" is therefore a veeeery small number.
And as @JosephEStiglitz stated: "If in this tiny portion are already so many problematic customers (...) – a true rogues’ gallery – what would we see if the window into the bank were larger?"
If you wanna learn more about the #SuisseSecrets, go to occrp.org/en/suisse-secr… or theguardian.com/news/series/su…
My colleagues @b_obermayer @h_munzinger and I also wrote a book @KiWi_Verlag about the #SuisseSecrets kiwi-verlag.de/buch/frederik-…
• • •
Missing some Tweet in this thread? You can try to
force a refresh
