Credit Suisse pleads guilty to U.S. charges

May 20, 2014, 1:14 AM EDT
The New York offices of Credit Suisse are shown on Madison Avenue on May 19, 2014 in New York City.
AFP/Getty Images

Credit Suisse on Monday became the largest bank in 20 years to plead guilty to a U.S. criminal charge, and will pay a $2.5 billion fine to authorities for helping Americans evade taxes, Attorney General Eric Holder said. But the Swiss bank escaped the worst for its business - its top management stayed in place, and the New York state bank regulator said it had decided not to revoke the bank's license in the state.
Credit Suisse escapes worst as it pleads guilty to U.S. charges [Reuters]
Credit Suisse pleads guilty to helping 'tax cheats' [BBC]