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Credit Suisse MD told of closure while on holiday

CREDIT SUISSE'S Channel Islands managing director was told via email and while on holiday that his job no longer existed and that the bank would be closing part of its business in Guernsey, it is claimed.

Credit Suisse MD told of closure while on holiday
Credit Suisse MD told of closure while on holiday / Guernsey Press

Craig Allen, who left the job he had held since 2008, without notice, on 4 December, is suing the bank, claiming it breached his contract of employment.

The Royal Court will have to decide whether his resignation from Credit Suisse (Channel Islands) Ltd was justified.

The bank deny any breach.