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UBS to pay $511m to settle Credit Suisse tax evasion case
UBS Group has agreed to pay $511m to resolve a US investigation into its subsidiary, Credit Suisse Group, regarding its role in facilitating tax evasion for wealthy Americans. This settlement follows a guilty plea from Credit Suisse Services,
Credit Suisse unlawfully helped clients hide assets, including a billionaire scion of a wealthy European family, according to ...
Credit Suisse’s services unit agreed to pay $511 million in fines, penalties, restitution, and forfeitures, authorities said.
UBS had to hold 14.82% of risk-weighted assets as Tier 1 capital last year, more than Deutsche Bank's 13.20%, but below U.S.
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