Senate report says Credit Suisse helped clients evade taxes, NY Times says Credit Suisse took extensive steps to help thousands of its U.S. clients hide billions of dollars of assets from the U.S. government and evade taxes, according to a Senate report, The New York Times reported last night. Among the methods used by the bank were opening accounts under the name of shell companies and sending bankers to the U.S. to secretly recruit new clients without leaving a paper trail, the newspaper quoted the report as saying. Reference Link
Credit Suisse reports Q1 net income CHF 1.05B vs. CHF 859M Reports Q1 core pre-tax income of CHF 1.54B. Reports Q1 revenue CHF 6.67B vs. CHF 6.47B last year. Reports look-through CET1 ratio of 10% as of the end of Q1.