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Severe earthquake in Bank Now. Credit Suisse subsidiary is suspected of fraud. According to the online portal of “NZZ”, customer contact employees manipulated loan applications and many people were forced to vacate their workplaces. The report, based on internal sources, states that those affected acted in accordance with the instructions of their superiors.
As a result of the immediate dismissal of many employees working on customer jobs, branches were also closed due to staff shortages. Spicy: Bank Now is not just anyone, it is Switzerland’s largest so-called consumer loan provider, along with Cembra Money Bank.
“Manipulated budgets”
According to “NZZ,” an internal investigation by Credit Suisse is ongoing. “The investigation apparently came across manipulated budgets in loan applications,” a French-speaking Bank Now employee from Switzerland told the medium. He was able to speak with several terminated employees who apparently did not want their names mentioned.
Credit Suisse does not comment in the report on either the results of the internal investigation or the exact number of layoffs. It says: “As part of our global processes, a binding code of conduct applies to all employees. Possible abuses are constantly investigated and appropriate measures are taken if necessary. “We do not comment on individual cases.”
This isn’t the first time Bank Now has been in bad shape: in 2019 debt advice Caritas noted “systematic violations of the law” in creditworthiness checks and filed a complaint with banking regulator Finma. (euro)
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
