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The Justice Department filed a criminal complaint against Swiss bank Credit Suisse on Monday, alleging the bank conspired to help clients evade taxes.
The complaint had been expected for days, and the bank is also expected to plead guilty to the charge and pay a multibillion-dollar fine as a settlement. A source close to the deal says that figure is expected to be about $2.5 billion.
A hearing is scheduled for 5:30 p.m. ET Monday.
originally posted by: Snarl
a reply to: xuenchen
Not sure what to make of this one, Xuenchen. Seems like Obama's administration may deserve a feather for their cap this time.