December 20, 2018 / 3:25 PM / 6 months ago

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

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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