Morning Scan: Will Credit Suisse's Criminal Plea Make a Differe...

05/20/14

Receiving Wide Coverage ...

Suisse Settles: Credit Suisse has agreed to plead guilty to one count of conspiring to aid tax evasion and to pay $2.6 billion in penalties in a settlement with the Department of Justice, the Federal Reserve and the New York Department of Financial Services. Most news stories about the deal, which was announced Monday, foreground the historical significance of the Swiss lender's guilty plea. Then they acknowledge the admission of criminal wrongdoing...

[more]