"The Swiss banking giant Credit Suisse has pleaded guilty to helping some US clients avoid paying taxes to the US government and agreed to pay a $2.6bn (£1.5bn) fine.
It is the biggest bank to plead guilty to criminal charges in the US in over 20 years.
However, as part of the agreement with US regulators, the bank will not lose its banking license in the US.
Credit Suisse said in a statement it deeply regretted the past misconduct."
BBC business news 19 May 2014 Last updated at 23:25
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Creme de la dirt floating to the top.
Poor PIF muggers are somewhere there floundering in the whirlpool of big banks machinetions.
No doubt more to come.
Regards,
OCV
octaviar limited
sounds familiar?
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