Credit Suisse 'fesses up and pays up.
It's been a long time coming, but the U.S. Justice Department finally secured a rare guilty plea from Credit Suisse -blaming the Swiss bank for helping Americans avoid paying their taxes.
Here's U.S. Attorney General Eric Holder:
SOUNDBITE: U.S. ATTORNEY GENERAL ERIC HOLDER (ENGLISH) SAYING:
"Today, I can announce that Credit Suisse has agreed to plead guilty to criminal charges related to this pervasive illegal activity. This is the largest bank to plead guilty in 20 years. The bank will pay a total of $1.8 billion in the form of a fine of over $1.3 billion and nearly $670 million in restitution to the IRS. They have admitted criminal wrongdoing in a detailed statement of facts that has been filed alongside the information in this case. And they have stopped these activities, fundamentally changed their business operations and agreed to provide critical information that will aide in our enforcement efforts so the bank can
