Credit Suisse nears $1 bln tax deal with U.S.
May 05, 2014 at 18:53 PM EDT
U.S. prosecutors, eager to prove Wall Street banks are not “too big to jail,” are close to securing a guilty plea and a settlement of more than $1 billion from Credit Suisse Group AG over allegations the bank helped wealthy Americans evade taxes, according to people familiar with the discussions.