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C Suisse offices searched in tax investigation

Tax & Business Calculator

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.

JPMorgan's whale probe under fire

Beached Whale

The New York Federal Reserve Bank sharply criticized an internal probe carried out by the Fed's inspector general on the handling of J.P. Morgan's 'London Whale' case, according to a full version of the probe released on Thursday.