The Bank will carry out the sentence. “A dismissal for violation of the internal rules must be qualified as unfair if the employer himself is for the conduct of the employees responsible,” it is clear from the judgment that is available to the news Agency AWP. Previously, the “Neue Zürcher Zeitung” and the French-speaking Swiss newspaper “Le Temps had reported” about it.

Due to loss of wages, bonuses and pension payments the plaintiff will receive a total of 4 million Swiss francs. Add to this interest. Credit Suisse has to pay for the expenses of the plaintiff, to defend itself against a lawsuit by the U.S. Department of justice (DOJ).

Specifically, the asset management business and to aid US tax evasion: Credit Suisse, was announced in may 2014 guilty to 2009 for decades, Americans in evading their tax obligations, supported, and accepted at the time, a fine in the amount of 2.6 billion US dollars.

eight CS employees had been accused of. One of them was released in 2014, has complained, however, and now, in the first instance. “As would have exacerbated tensions with the United States, has not hesitated to the Bank, to sacrifice to the employees,” it says in the judgment, the on the 1. May is dated. The court finds that the Bank had dismissed the employee’s unfair.

The big Bank have set an ambitious growth strategy in the United States, noted the court. It was objectively serious, to encourage its employees a certain behavior and it is him to blame. And the more serious it is, “to push all the fault on the employees, in order to preserve its own reputation”.

The big banks have tried to make them believe that the abuses had been committed by a small group of employees, including the Ex-employees. In the process, they have violated the internal rules, while the upper management knew nothing about it, I claimed the CS.

The CS-employees and his subordinates would actually violate internal regulations of the Bank, this was the Bank aware of. The court is convinced that the management of the defendant was over the actions of the asset managers of the North American team to date and this was at least done. During the investigations it came out that the upper levels of the hierarchy would have to be exercised by the Bank even pressure and egged on to go to the limits of legality.

The Bank had created a System that allowed or even encouraged to violate the rules. Because the CS had taken no measures to control the compliance with internal rules, the court found. Neither the Compliance – nor the legal Department nor any other Department of the Bank would have made because of these problems. The CS to give yourself that violations of the internal regulations had only been in an internal investigation starting in the year 2011 discovered.

The Geneva court found that the UBS affair, forced in 2008, the CS to change your policy. Only then will you have informed the employees for the first Time, that they would respond in the case of a violation of the American rules of personal risks. As it was, but for the employee too late.

In June 2007, the former UBS client adviser Bradley Birkenfeld, the US had supplied authorities with information with which they could accuse the big banks for aiding tax evasion. Later it came to a comparison with a fine of 780 million dollars from UBS, which had to shell out this 2009.

The Credit Suisse intends to appeal against the judgment of the Geneva labour court before the next instance. “We have taken note of the verdict, that is, in our opinion, unfounded and the facts ignored”, said a spokesman with the news Agency AWP. (SDA)