Credit Suisse still helping wealthy dodge U.S. taxes, Senate Committee finds

A pedestrian passes a branch of Credit Suisse in Bern, Switzerland. — Reuters

CREDIT Suisse continues to help ultra-wealthy Americans evade taxes and had concealed more than $700 million from tax authorities in violation of a 2014 plea agreement, the U.S. Senate Finance Committee said on Wednesday.

After concluding a two-year investigation into Credit Suisse, the committee said it had uncovered "major violations" of the 2014 agreement between the Swiss lender and the U.S. Department of Justice for enabling tax evasion.