VEVEY: Credit Suisse reached an out-of-court settlement with former star wealth manager Iqbal Khan over a spying scandal that cost the scalp of the then-chief executive, Switzerland's second-biggest bank said Sunday (Monday in Manila).

CEO Tidjane Thiam was forced to resign in February 2020 after admitting the bank had hired investigators to follow Khan, head of international wealth management, because he had opted to move to arch-rival, UBS.

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