Report: Credit Suisse Not Accepting Undeclared Money From Wealthy Clients

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March 11, 2010 Thursday

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Report: Credit Suisse not accepting undeclared money from wealthy clients

Zeeshan Zafar

Zurich-based Credit Suisse Group AG is not accepting undeclared money from wealthy clients seeking to avoid their respective tax authority.

Zurich-based Credit Suisse Group AG is not accepting undeclared money from wealthy clients seeking to avoid their respective tax authority, The Wall Street Journal reported March 9, citing Hans-Ulrich Meister, CEO of the bank’s Swiss operations.

Meister said Switzerland will need a political resolution for the existing undeclared money held at the bank, the report said.

March 17, 2010