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Credit Suisse pleads guilty to helping Americans avoid income taxes
Credit Suisse pleads guilty to helping Americans avoid income taxes

Swiss banking giant Credit Suisse pleaded guilty to a criminal charge that it helped wealthy Americans dodge income taxes for decades, a plea federal officials said bolstered their efforts to show that no financial firm was too big to prosecute. The bank agreed to pay $2.6 billion — the most ever in a criminal case — as part of a deal ending a lengthy Justice Department investigation. The inquiry also has led to the indictment of eight company employees, two of whom have pleaded guilty so far. "This case shows that no financial institution, no matter its size or global reach, is above the law," Atty. Gen. Eric H. Holder said Monday in announcing the action. The...

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