Tax evasion case said to have limited impact on C Suisse business

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Credit Suisse has lost a limited amount of business as a result of pleading guilty to charges that it helped wealthy Americans to evade taxes, the head of its private bank said on Monday.

Reuters reports that the institution became the largest bank in decades to plead guilty to a U.S. criminal charge, agreeing to pay more than $2.5bn in penalties to resolve its long-running dispute with the United States.

The investigation brought a rare criminal indictment for a major financial institution, raising fears it would hit business at Credit Suisse's private bank and deter institutional clients.

To access the complete Reuters article hit the link below:

Credit Suisse says U.S. case has limited business impact 

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