Senate Panel Grills Credit Suisse CEO On Tax Evasion

Law360, New York (February 26, 2014, 1:51 PM EST) -- A U.S. Senate investigatory subcommittee on Wednesday grilled Credit Suisse AG's CEO and other top officials over the bank's lack of cooperation with a U.S. Department of Justice investigation aimed at collecting unpaid taxes on billions of dollars stored in secret Swiss bank accounts.

After being sworn in by Permanent Subcommittee on Investigations’ Chairman Carl Levin, D-Mich., Credit Suisse CEO Brady W. Dougan faced rapid-fire questioning on the bank’s recently revealed role in helping U.S. citizens evade taxes, and its refusal to hand over the names...
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