Former Morgan Stanley CEO on Swiss banks: Secrecy is ‘their nature’

Former Morgan Stanley CEO on Swiss banks: Secrecy is ‘their nature’

In 2014, Credit Suisse pleaded guilty to helping thousands of Americans evade taxes and paid a $2.6 billion fine. It also promised to reveal any hidden bank accounts.

Credit Suisse has recently come under scrutiny by the U.S. Department of Justice for potentially not complying with that plea agreement, the Wall Street Journal reported last week, citing unnamed sources familiar with the matter.

Former Morgan Stanley CEO John Mack, who last month published “Up Close and All In: Life Lessons…


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