DOJ and Credit Suisse reportedly near $1B deal

|About: Credit Suisse Group AG (CS)|By:, SA News Editor

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