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Credit Suisse under fire for helping American clients avoid tax; whistle-blower claims bank did not keep promise made seven years ago

Credit Suisse office in Zurich. Photo: Suw Charman-Anderson

Credit Suisse is facing fresh allegations that it continued helping certain American clients hide their wealth, it has emerged.

Although the global wealth manager and investment bank promised – on receipt of a huge financial penalty – that it would stop assisting clients avoid tax through offshore shell companies, a whistle-blower has said this the promise was not kept, the New York Times reported Saturday.

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