C Suisse offices searched in tax investigation

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Credit Suisse's offices in Milan were searched by Italian tax police last month as part of an investigation into whether the bank helped wealthy Italians hide undeclared funds offshore, an Italian judicial source said.

Reuters reports that the searches follow a series of investigations against Swiss banks, including Credit Suisse, into their dealings with wealthy clients and hidden offshore accounts, against the backdrop of international pressure on Switzerland's secrecy laws.

Credit Suisse confirmed the searches but declined to comment on the reason or elaborate on the probe.

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Credit Suisse offices in Milan searched by Italian tax police

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