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Swiss bank guilty on US felony charge, fined $2.6B

People walk by Swiss bank Credit Suisse headquarters in New York, May 19, 2014.  Credit Suisse, Switzerland’s second-largest bank,  is poised later today to announce a landmark tax-evasion settlement with US authorities, paying about 2.5 billion USD and pleading guilty to US criminal charges, according to briefings. AFP

Credit Suisse admitted guilt and was fined $2.6 billion Monday for helping Americans avoid taxes, the first time in 20 years a major bank has been punished on US criminal charges.

Posted: May 20th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Credit Suisse posts 4Q net profit, in a turnaround

credit-suisse-logo

Credit Suisse Group on Thursday posted a profit for the fourth quarter of 397 million Swiss francs ($435 million), a turnaround from a year ago that reflected a tough year of cost-cutting and consolidation.

Posted: February 7th, 2013 in Latest Business Stories | Read More »

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