Credit Suisse have pleaded guilty in helping thousands of Americans evade taxes and accepted a fine of $2815 million (CHF 2510 million).

As previously reported by PBI, the US authorities will not take any additional measures that would risk driving Credit Suisse out of business in the US and will not revoke Credit Suisse’s banking license.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Brady Dougan, chief executive, said: "We deeply regret the past misconduct that led to this settlement. The US cross-border matter represented the most significant and longstanding regulation and litigation issue for Credit Suisse. We want to thank our clients and employees for their support as we continued to work through this matter and brought it to a conclusion. We can now focus on the future and give our full attention to executing our strategy."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.