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.
Background:
Credit Suisse escapes worst as it pleads guilty to U.S. charges [Reuters]
Credit Suisse pleads guilty to helping 'tax cheats' [BBC]

YOU MIGHT ALSO LIKE