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That's what the headline seems to imply. The article isn't that clear. My guess is that what they are doing isn't illegal. Basically Credit Suisse has papers th
by kingcharles 5y ago
That's what the headline seems to imply. The article isn't that clear. My guess is that what they are doing isn't illegal. Basically Credit Suisse has papers that its customers supplied in confidence to secure loans, and those documents are probably no longer strictly needed, and so it is getting rid of them in case there is another leak of their internal files, like there was recently.
- actionfromafar 5y agoIt is'nt clear. For instance, to me it's not clear if that can be obstruction of justice in a forth-coming investigation.
- cm2187 5y agoYou should keep in mind it is in the context of a securitisation, i.e. selling public securities. It's unikely that highly confidential information was shared with the investors not the least because it's may not be relevant to their investment. My guess, not knowing anything about the transaction, but from what the articles says, is that they may have shared some financials from the persons the planes were leased to, under NDA. And given data leaks, they probably went to all the investors they shared confidential information with in the past and ask them to delete it unless they still need it.
- actionfromafar 5y agoSo? Aren't we talking about hiding evidence that something may have connection to sanctioned individuals? If so, I agree with everything you said but it could still be obstruction of justice.
- _nalply 5y agoMaybe. It's Swiss law that records must be kept at least for 10 years. Two months ago I threw away the bookkeeping and the tax declaration of my sole proprietorship of the year 2011.