Credit Suisse Helped 'Tax Cheats'

The Swiss banking giant, Credit Suisse, has pleaded guilty to helping some US clients avoid paying taxes to the government.

Related Videos

Credit Suisse Pleads Guilty in Tax Cheating Case
Credit Suisse 'fesses up and pays up.' It's been a long time coming, but the U.S. Justice Department finally secured a rare guilty plea from Credit Suisse.
Credit Suisse Pleads Guilty in Criminal Tax Case
John Letzing discusses key takeaways from Credit Suisse's $2.6 billion settlement with the U.S. government. Photo: Getty.
Credit Suisse Pleads Guilty In Tax Probe, Fined $2.6B
Swiss financial giant Credit Suisse admitted helping Americans evade taxes, becoming the first major bank to plead guilty in more than 20 years.
Credit Suisse is Not in the Clear Yet After Guilty Plea
Credit Suisse has plead guilty to one count of conspiring to aid tax evasion. Erin Davis, senior equity analyst at Morningstar, weighs in on the significance of the move and reveals whether she believes the company's business will be negatively impacted.
Credit Suisse In Talks To Pay $1.6 Billion To Resolve U.S. Tax Probe: Source
Credit Suisse is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person familiar with the matter said. Prosecutors have also been pushing for the bank to plead guilty in connection with the probe, two people with knowledge of the talks said. A spokesman for Credit Suisse declined comment.
Credit Suisse Is Too Big To Jail
Credit Suisse has been convicted of a felony. It has pleaded guilty to “conspiring to aid tax evasion” and been fined $2.6bn. The punishment meted out to Credit Suisse seems strangely inappropriate. Firstly, the fine levied is tiny for a bank the size of Credit Suisse, so why is the fine so small? Consider for a moment what would happen if the US revoked Credit Suisse’s banking license.
Swiss Pressure Rises On Credit Suisse Boss Dougan After U.S. Deal
Pressure on Credit Suisse boss Brady Dougan to quit shows no signs of abating in Switzerland following this week's $2.5 billion settlement with the U.S. authorities over charges that it helped Americans evade taxes by hiding their assets in secret bank accounts. The Swiss bank's board has backed the American chief executive over the deal, under which Credit Suisse pleaded guilty to criminal charges but held onto its New York license and its legally protected client data.
Swiss Relieved Credit Suisse Probe In US Is Over
Switzerland's finance minister says her government is satisfied with the U.S. deal that will allow Credit Suisse, the nation's second-biggest bank, to put its criminal investigation behind it but notes other banks remain in the crosshairs. Finance Minister Eveline Widmer-Schlumpf says banks including the regional cantonal lenders remain in talks to resolve charges of misconduct as part of a U.S. crackdown on foreign banks believed to be helping American tax cheats. U.S.
Credit Suisse Guilty Plea Likely to be Announced Monday
Credit Suisse's guilty plea with U.S. authorities is likely to be announced after the market close on Monday.
Credit Suisse Could Face Tax Probe
Credit Suisse is facing a new probe by US regulators over whether it had a role in helping wealthy Americans avoid taxes.
Credit Suisse In Talks To Pay $1.6 Billion To Resolve U.S. Tax Probe: Source
A person familiar with the matter said on Monday,Credit Suisse Group AG is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes. The penalty could be roughly twice the amount paid by UBS AG, which settled similar charges in 2009 for $780 million and agreed to identify its customers.
Credit Suisse CEO: 'Tax Evasion Misconduct is Limited'
Credit Suisse acknowledges misconduct by a "small group" of Swiss bankers who helped potential thousands of U.S. clients evade taxes. Deborah Solomon reports on the News Hub. Photo: Getty Images.

Search Jobs

In Partnership With
Keywords:
Location:
×

Check out our new Map Search

Locate your next job using the new AOL Jobs Map Search!

Pin down your next great opportunity today.