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Credit Suisse Group AG pleads guilty to US criminal charge in tax probe-Business Standard

Monday, 19 May 2014 08:10pm EDT 

Credit Suisse Group AG:Pleaded guilty to a criminal charge for its role in helping Americans dodge taxes, US Attorney General Eric Holder said - Business Standard.It will pay more than $2.5 billion as part of an agreement with US authorities.The New York Department of Financial Services said it had determined not to revoke the bank's license in the state.Credit Suisse will pay financial penalties to the US Department of Justice, the Internal Revenue Service, the Federal Reserve and the New York State Department of Financial Services to settle the charges.