(Bloomberg) -- 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.

The Zurich-based bank would pay about $1.7 billion to the Justice Department, at least $600 million to the New York Department of Financial Services and $100 million to the Federal Reserve, said two of the people, who asked not to be identified because the matter isn’t public. The proposed accord could be announced as early as next week, the people said.

Register or login for access to this item and much more

All Financial Planning content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access