You are here

Credit Suisse freezing accounts to look for US assets

Swiss bank wants to show that any hidden accounts are a lapse in controls and not a criminal act, say sources
Friday, December 2, 2016 - 05:50

Newark, New Jersey

CREDIT Suisse Group AG has frozen dozens of accounts as it tries to determine if US clients are hiding money from the Internal Revenue Service after the firm pledged to come clean about secret assets, according to a person familiar with the matter.

The bank is