Britain’s largest bank, HSBC, published a full-page apology letter in several U.K. newspapers Sunday, following allegations that the company’s Swiss private banking arm helped clients dodge taxes and conceal millions of dollars of assets.
By Daniel Costa-Roberts
WASHINGTON — Credit Suisse AG's guilty plea and $2.6 billion payment in a high-profile case brought by the Justice Department are being held out as a warning to foreign banks believed to be helping U.S. taxpayers conceal assets.
By Marcy Gordon, Associated Press and Eric Tucker, Associated Press
UBS AG, Switzerland's largest bank, will provide the names of some 4,450 account holders to the U.S. Internal Revenue Service as part of a tax-evasion settlement reached between the two countries' governments.
Former Chilean dictator Gen. Augusto Pinochet was put under house arrest and charged with evading taxes on $26 million related to his overseas accounts, state television said Wednesday.
By PBS NewsHour
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