C Suisse German HQ raided

Credit Suisse's headquarters in Germany was one of the offices raided by German authorities last month as part of an investigation into insider trading, a spokeswoman for the state prosecutor's office in Stuttgart said.

Reuters reports that the German weekly magazine WirtschaftsWoche reported on its website on Saturday that Credit Suisse's offices were one of the targets of a raid on about 50 homes and offices by police and the German securities trading regulator BaFIN on February 25th.

In response to a Reuters query, the spokeswoman said on Saturday that the German headquarters of the bank was one of those raided but that the bank itself was not one of the accused.

She declined to say who were the accused and confirmed the investigation was about insider trading in shares in German solar maker Roth & Rau, which was acquired by its Swiss rival Meyer-Burger in 2011. Roth & Rau was advised at that time by Credit Suisse.

To access the complete Reuters article hit the link below:

Credit Suisse's German offices searched in insider trading probe

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