Share on StockTwits

Swiss banks are under investigation for allegedly aiding U.S. tax evasion and could face the prospect of bigger fines that could dent their capital and force some to cut dividends. The Alpine nation’s bankers got a jolt last week after Credit Suisse agreed to plead guilty to helping wealthy Americans evade taxes and pay a fine of $2.6 billion, more than double the amount it had set aside for the purpose.

“Swiss Banks Risk Bigger Than Expected Fines In U.S. Tax Case” is categorized as “world”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.