Credit Suisse admits US tax evasion guilt – ValueWalk Premium

Credit Suisse admits US tax evasion guilt

Credit Suisse (NYSE:CS) admits US tax evasion guilt

by Matthew Allen, swissinfo.ch
May 20, 2014 - 00:46

The bank admitted to a US court that it set up sham companies to enable clients to unlawfully funnel assets away from the Internal Revenue Service (IRS). It agreed on Monday to pay out $1.8 billion to the federal authorities, $715 million to the New York state banking regulator and $100 million to the Federal Reserve . . .

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