Credit Suisse settles claim it helped French clients evade tax, pays €238m

Criminal proceedings against Credit Suisse for helping customers open accounts in Switzerland out of reach of French tax authorities have ended in an agreement with French prosecutors that the Swiss bank will pay a €238m (US$234m) penalty without a guilty plea.

Criminal proceedings against Credit Suisse for helping customers open accounts in Switzerland out of reach of French tax authorities have ended in an agreement with French prosecutors that the Swiss bank will pay a €238m (US$234m) penalty without a guilty plea.