The Department of Justice announced that Credit Suisse has pleaded guilty to criminal charges related to allegations that it helped some of its U.S. clients evade U.S. taxes and has agreed to pay $2.6 billion as part of its plea agreement. According to the Justice Department, Credit Suisse AG pleaded guilty to “conspiracy to aid and assist U.S. taxpayers in filing false income tax returns and other documents with the Internal Revenue Service (IRS).” Justice added, “The plea agreement, along with agreements made with state and federal partners, provides that Credit Suisse will pay a total of $2.6 billion - $1.8 billion to the Department of Justice for the U.S. Treasury, $100 million to the Federal Reserve, and $715 million to the New York State Department of Financial Services.”

The plea agreement can be accessed via:  credit suisse.pdf