October 23, 2014 / 8:49 AM / in 3 years

Credit Suisse CEO says sees no material issues in forex probe

ZURICH (Reuters) - Credit Suisse CSGN.VX does not see material issues related to the global probe into the $5 trillion-a-day foreign exchange market, the Zurich-based bank’s chief executive said on Thursday.

National flags of Switzerland fly over the entrance of the headquarters of Swiss bank Credit Suisse in Zurich July 31, 2014. REUTERS/Arnd Wiegmann

Around 15 authorities around the world, including Switzerland‘s, are investigating allegations of collusion and price manipulation in the largely unregulated foreign exchange (FX) market.

“(The FX issues) have probably been going for a little over a year now. But we still don’t see that we have any material issues on the FX side as well at this point,” Dougan told analysts during a call following the publication of the bank’s third-quarter results.

Reporting by Joshua Franklin and Katharina Bart

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