Topic - Credit Suisse

The Credit Suisse Group AG is a financial services company, headquartered in Z├╝rich, Switzerland. - Source: Wikipedia

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  • IRS Commissioner John Koskinen, left, and Deputy Attorney General James Cole, right, watch as Attorney General Eric Holder speaks during a news conference at the Justice Department, on Monday, May 19, 2014, in Washington. The Justice Department on Monday charged Credit Suisse AG with helping wealthy Americans avoid paying taxes through offshore accounts, and a person familiar with the matter said the European bank has agreed to pay about $2.6 billion in penalties. (AP Photo/ Evan Vucci)

    Swiss bank admits aiding tax evasion, to pay $2.6 billion fine

    Switzerland's second-largest bank pleaded guilty Monday to helping U.S. citizens cheat on their taxes and had agreed to pay $2.6 billion in penalties, an amount the Justice Department called the largest fine ever in a criminal tax case.

  • Swiss ex-banker pleads to helping US tax evaders

    A former Swiss banker pleaded guilty Wednesday to his role in a fraud scheme that prosecutors say helped U.S. taxpayers hide as much as $3 billion in assets from the IRS.

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    Credit Suisse was the only bidder on three big sections of the struggling Tamarack Resort, and now owns almost every part of the ski resort.

  • Swiss banks have come under pressure from governments around the world for their reputation for banking secrecy. Swiss banking giant UBS AG announced massive layoffs last week, along with huge losses in its third-quarter results, saying it aims to trim as many as 10,000 employees, or some 15 percent of its staff. (Associated Press)

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