Credit Suisse to pay $511M for helping Americans evade $4B in taxes
1. Credit Suisse pleads guilty, pays $511 million for aiding tax evasion. 2. New charges breached a prior $2.6 billion agreement for similar misconduct. 3. Senate Committee revealed ongoing evasion practices post-2014 settlement. 4. UBS, now CS's parent, discovered undeclared accounts during merger. 5. Criticism of global banks' accountability for repeated legal violations reignited.