Page 821 


C Suisse punishment sends warning to other big banks

Tax & Business Calculator

The U.S. Justice Department didn’t blink in its pursuit of a guilty plea from Credit Suisse for helping thousands of Americans evade taxes. What prosecutors accomplished with the criminal conviction - the first of a major bank in a decade - isn’t as clear.

C Suisse statement

A Billion Dollars

Credit Suisse agrees to pay $2.815bn; these settlements, net of existing provisions, will result in an after-tax charge of CHF 1.598bn to be booked in the second quarter of 2014

Deustche Bank capital plans draw jeers

Deutsche Bank - Foyer Bridge

A Deutsche Bank plan to raise nearly $11 billion in new capital drew criticism on Wall Street, bedeviling the German bank's shares in the U.S. and Europe and prompting at least one prominent analyst to downgrade the stock.



Deutsche Bank - Foyer Bridge

Deutsche Bank said to probe securities marketing

Deutsche Bank officials are reviewing whether some employees exaggerated demand as they marketed new securities backed by risky auto loans, potentially suppressing yields for investors, according to a person with knowledge of the matter.