Credit Suisse to pay $511mn over helping Americans hide more than $4bn

Q: How long will it take to read this news story?

The story "Credit Suisse to pay $511mn over helping Americans hide more than $4bn" has 527 words across 17 sentences, which will take approximately 3 - 5 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Credit Suisse to pay $511mn over helping Americans hide more than $4bn" was covered 20 hours ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 11 news stories per day. It's most recent story was published 8 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #28418341</li><li>URL: https://stavanger.beamstart.com/news/credit-suisse-to-pay-511mn-17464823752242</li></ul>

Financial Times 20h ago

Credit Suisse to pay $511mn over helping Americans hide more than $4bn - Financial Times

Quick Summary:

Under the deals, which do not shield individuals, Credit Suisse Services and UBS must co-operate with the DoJ’s ongoing probes.

The bank on Monday also entered into an agreement to avoid prosecution in relation to accounts it held in Singapore on behalf of US clients who were using them to evade taxes.

UBS, which acquired its rival as part of an emergency rescue in 2023, said on Monday that Credit Suisse Services would pay two fines totalling just over half a billion dollars.