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![kshaughnessy2 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::22259843.png) kristen shaughnessy [@kshaughnessy2](/creator/twitter/kshaughnessy2) on x 24.3K followers
Created: 2025-01-09 22:56:38 UTC

Credit Suisse's dirty laundry could cost UBS about $XXX Million - Bloomberg 

"...UBS Group AG is close to making a settlement in the hundreds of millions of dollars over violations by Credit Suisse of a decade-old agreement with the US Department of Justicerelated to tax evasion, the Wall Street Journal reported.

The settlement could come as soon as this week, the Journal reported Thursday, citing a person familiar with the matter. 

UBS declined to comment. 

Following a guilty plea in 2014 on conspiring to help US citizens evade taxes, Credit Suisse was obliged to inform authorities on its progress in closing accounts and the destination of funds, the newspaper said. 

Credit Suisse earlier paid $XXX billion in fines to the US, but failing to carry out the follow-up actions left it open to further penalties...."

![](https://pbs.twimg.com/media/Gg4u66DXYAARTO2.jpg)

XXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1877489687868198925/c:line.svg)

**Related Topics**
[wall street](/topic/wall-street)
[tax bracket](/topic/tax-bracket)
[bloomberg](/topic/bloomberg)
[credit suisse](/topic/credit-suisse)
[stocks financial services](/topic/stocks-financial-services)
[$ubs](/topic/$ubs)
[stocks banks](/topic/stocks-banks)

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