Blog posts with "Credit Suisse"

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Credit Suisse Pleads Guilty to Decades-Long Tax Evasion Conspiracy

“European banking giant Credit Suisse has pleaded guilty to helping American clients avoid paying taxes by concealing assets in illegal, undeclared bank accounts — becoming the largest bank to plead guilty to a criminal charge in 20 years,” as reported by Democracy Now, which described the plea deal as follows: Credit Suisse will pay about $2.6 billion in penalties and hire an independent monitor. But the bank will not be required to turn over the names of the Americans who used the ba...

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