Credit Suisse Pleads Guilty in Tax Evasion Case

BREAKING NEWS Monday, May 19, 2014 6:44 PM EDT

Credit Suisse Pleads Guilty in Tax Evasion Case Credit Suisse pleaded guilty on Monday to charges that it conspired to help its clients evade taxes. It was the first time in more than two decades that a major bank has pleaded guilty to criminal charges. The Swiss bank, which has a giant investment bank in New York and whose chief executive is an American, will also pay about $2.6 billion in penalties and hire an independent monitor for up to two years. READ MORE » http://dealbook.nytimes.com/2014/05/19/credit-suisse-set-to-plead-guilty-in-tax-evasion-case/?emc=edit_na_20140519