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Credit Suisse to Pay $2.5B Fine in US Tax Evasion Case

Credit Suisse has agreed to pay a $2.5 billion fine to authorities in the United States for helping Americans evade taxes after becoming the largest bank in 20 years to plead guilty to a U.S. criminal charge. The bank's guilty plea resolves its long-running dispute with the United States over tax evasion, but could have implications for the clients and counterparties that do business with the group. Credit Suisse said it had not seen a material impact in the past few weeks on its...

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