Credit Suisse judge accepts $2.6-bn tax evasion plea deal

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Bloomberg
Last Updated : Nov 22 2014 | 12:28 AM IST
Credit Suisse AG's $2.6-billion plea bargain resolving allegations it helped wealthy Americans avoid paying taxes was accepted by a federal judge, ending a three-year probe that helped upend Swiss bank secrecy.

The first global banking unit in more than a decade to plead guilty to a crime in a US court, Zurich-based Credit Suisse, was sentenced on Friday by US District Judge Rebecca Beach Smith in Norfolk, Virginia.

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First Published: Nov 22 2014 | 12:06 AM IST

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