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The defendants laundered their vast criminal proceeds through at least 75 shell companies, according to the indictment.
By Greg FarrellNovember 10 -
Now that two of the biggest U.S. banks are convicted felons, the Justice Department appears to have proven the point it set out to make a year ago -- that it could deliver the harshest penalty possible against financial institutions without inflicting fatal wounds.
By Greg FarrellMay 21 -
The settlement brings the total global fines for the scandal to about $9 billion, paid by a dozen firms. UBS paid $1.5 billion in 2012.
April 23 -
Georges Chodron de Courcels resignation after more than 40 years at BNPParibas SA wont soften U.S. demands for a guilty plea and a $10 billion penalty from the French bank for sanctions violations, according to a person familiar with the matter.
June 13 -
Credit Suisse Group AG is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, three people familiar with the matter said.
May 16