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UBS Will Pay $511M to End Credit Suisse U.S. Tax Probe
News May 06, 2025 at 11:07 AM
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What You Need To Know
- A bank unit pleaded guilty to conspiring to help clients hide more than $4 billion from the IRS.
- Even after reaching a 2014 deal where it pledged to stop the practice, Credit Suisse helped U.S. taxpayers open and maintain accounts they didn’t declare to the IRS.
- The settlement comes amid fresh scrutiny of Credit Suisse’s history of handling Nazi-linked accounts.
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