Posted by & filed under Governments & Regulators, Management Issues.

Description: Less than 5% of the Swiss bank’s thousands of accounts with over $10 billion in assets were reported to the IRS. And you won’t believe the ways in which they allegedly hid the money.

Source: CNNMoney.com – video report

Date: Feb 26, 2014

Link: http://money.cnn.com/video/news/2014/02/26/n-credit-suisse-offshore-tax-evasion-irs.cnnmoney/index.html

Questions for Discussions:

  • Do you believe the information demanded will be handed over to the IRS?
  • Why do you suppose Credit Suisse enabled this behavior by clients?
  • Could this conflict affect the stock value of banks involved?

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