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France 24

Business

Kate MOODY

US accuses Credit Suisse of violating tax evasion deal

Credit Suisse United States Sergio Ermotti Vladimir Putin UBS Economy

BUSINESS DAILY © FRANCE 24

US lawmakers say the embattled bank Credit Suisse has violated the terms of a plea deal related to tax evasion. A two-year investigation suggests the lender has continued to conceal the bank accounts of wealthy Americans. Meanwhile, UBS has brought back former CEO Sergio Ermotti to lead its takeover of Credit Suisse. Also in the show: Vladimir Putin makes the unexpected admission that Western sanctions could have a negative impact on the Russian economy.

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