Reuters: Credit Suisse may have to pay over $2B to resolve U.S. tax case

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

Credit Suisse (CS) could be facing fines of more than $2B for helping U.S. citizens evade taxes, Reuters reports.

The New York State Department of Financial Services wants Credit Suisse to pay $1B, although the figure will probably be reduced following negotiations. The Department of Justice is seeking up to $1.6B and wants the bank to plead guilty to criminal charges.

Any penalties would add to the $196M that Credit Suisse agreed to pay the SEC in a related case earlier this year.