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UBS Group AG UBS agreed to pay $511 million to resolve a tax probe by the U.S. Department of Justice (“DOJ”) against Credit Suisse for preparing false income tax returns and tax evasion. UBS ...
The Department of Justice said Credit Suisse Services AG will hand over more than $510 million in penalties for its part in aiding U.S. taxpayers in skirting the IRS through offshore accounts.
Credit Suisse Services AG struck a deal with U.S. regulators that will see it pay a total of $511 million, including forfeitures, after it pleaded guilty to conspiring to hide billions in offshore ...
(Reuters) -A Credit Suisse unit on Monday pleaded guilty to U.S. charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more than $510 million, the U.S. Department of ...
UBS reported some suspicious transactions to authorities after it merged with Credit Suisse in 2023. UBS anticipated the fine and had set aside some money to pay for it, the bank said in a statement.
Credit Suisse in 2014 pleaded guilty to helping U.S. taxpayers hide offshore accounts from the IRS, and paid $2.6 billion to settle the case. At the time, it was the largest ever payment in a ...
The end finally came for Credit Suisse in June 2023, when it was bought for $3.2 billion by Swiss bank UBS Group AG, in an all-stock deal brokered by the Swiss Financial Market Supervisory ...