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
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?