May 19, 2014 / 10:50 PM / 4 years ago

U.S. says Credit Suisse to pay more than $2.5 billion in penalties

WASHINGTON, May 19 (Reuters) - The U.S. Justice Department said on Monday that Credit Suisse AG would pay more than $2.5 billion in penalties as part of an agreement in which it pleaded guilty to a criminal charge of helping Americans evade taxes.

Attorney General Eric Holder told a news conference that Credit Suisse was the largest bank to plead guilty to a criminal charge in 20 years. He said the agreement showed that no financial institution was above the law.

Reporting by Aruna Viswanatha; Editing by Peter Cooney

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below