Swiss Pressure Rises On Credit Suisse Boss Dougan After U.S. Deal
Pressure on Credit Suisse boss Brady Dougan to quit shows no signs of abating in Switzerland following this week’s $2.5 billion settlement with the U.S. authorities over charges that it helped Americans evade taxes by hiding their assets in secret bank accounts. The Swiss bank’s board has backed the American chief executive over the deal, under which Credit Suisse pleaded guilty to criminal charges but held onto its New York license and its legally protected client data.
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