DOJ and Credit Suisse reportedly near $1B deal

Last week it was leaked and earlier today Attorney General Eric Holder gave further credence to the idea criminal charges were near for one of the big banks. Now, CNBC is reporting Credit Suisse (CS) and the DOJ as near a deal in which the Swiss lender will plead guilty to charges over tax avoidance and pay a $1B fine.

Previously: Bank criminal charges could be near

From other sites
Comments (5)
  • KJP712
    , contributor
    Comments (472) | Send Message
    Are we the taxpayers going to get a cut of this fine? Have not seen anything as of yet.
    5 May 2014, 08:18 PM Reply Like
  • SaltyDog62
    , contributor
    Comments (838) | Send Message
    Interesting. Now Holder is contemplating criminal charges, but just on the foreign banks! Bawawawa
    6 May 2014, 12:43 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (13557) | Send Message
    LOL US banks have done a lot more criminal things than mere tax avoidance. Fleecing all of America and rigging the MBS market is only a starter. Oh sorry, American citizens would be hurt if TBTF banks went under on criminal charges because the US taxpayers have to pick up the bill for any of their failings. Talk about a good way to let the culprit bludgeon you economically by claiming you are protecting them by not doing anything. After all, you may be worse off like you probably will be the next time they do the same thing.
    6 May 2014, 01:25 AM Reply Like
  • Cleatus in Cleveland
    , contributor
    Comments (38) | Send Message
    Nope, goes to the DNC.
    6 May 2014, 09:44 AM Reply Like
  • Boat52
    , contributor
    Comments (5) | Send Message
    But secret tax avoidance accounts never existed! say the Swiss banksters for decades. We know all our clients so there are no "secret" accounts...and tax avoidance is not a crime in Switzerland because clients are not avoiding Swiss taxes. Hah!
    6 May 2014, 06:49 AM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs