Credit Suisse admits scheme to hide more than $4 billion in offshore accounts for ultra-rich Americans

Why did Skechers agree to $9 billion acquisition? How will Trump's movie tariffs impact Hollywood? What caused Social Security to back off 100% clawbacks? How did DoorDash's deal to buy Deliveroo affect global reach? Why is Ford forecasting $1.5 billion tariff cost? What led OpenAI to reverse for-profit conversion plan? Why is Warren Buffett retiring as Berkshire CEO? How are Trump's tariffs affecting US and global markets? What caused Newark Airport's recent flight delays?

Credit Suisse admits scheme to hide more than $4 billion in offshore accounts for ultra-rich Americans

fortune.com/article/credit-suisse-guilty-offshore-tax-scheme-rich-americans-ubs

Credit Suisse Services AG struck a deal with U.S. regulators that will see it pay a total of $511 million, including forfeitures, after it pleaded guilty to conspiring to hide billions in offshore accounts held by wealthy U.S. tax evaders. This is the second deal in 11 years for Credit…

This story appeared on fortune.com, 2025-05-06 05:17:00.