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Criminal Charges Filed Against Credit Suisse Over Tax Evasion - Bank Expected To Plead Guilty

Julia La RocheMay 20, 2014, 01:53 IST

Arnd Wiegmann/REUTERSCredit Suisse CEO Brady Dougan

The U.S. has filed a criminal case against Credit Suisse in federal court, Bloomberg News reports.

The Swiss bank is expected to plead guilty.

The bank has been charged with a conspiracy count in a case alleging that they helped U.S. citizens evade taxes.

We'll have more in a moment.