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Midweek Roundup: New York Joins Credit Suisse Tax Probe, Mexico’s ‘El Taliban’ Pleads Guilty, and More
printAs Credit Suisse nears the end of negotiations to avoid prosecution by the U.S. Justice Department, New York State's top financial regulator has launched its own investigation into whether the Zurich-based bank made false statements to state officials regarding tax shelters, according to The New York Times. Credit Suisse is expected to pay more than the $780 million paid by UBS AG in 2009 following similar charges. In addition, the Justice Department is reportedly insisting that the bank enter a guilty plea to criminal charges. More The Justice Department plans to take creative steps to combat the abuse of virtual...
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