(NEW YORK) — Two of the world’s biggest banks, Credit Suisse and BNP Paribas, may soon face criminal charges.
The prosecution could result in the first guilty plea by a major bank in two decades, The New York Times reports.
Credit Suisse is under investigation for offering tax shelters to help Americans avoid taxes. BNP Paribas allegedly did business with Sudan and other countries on a U.S. government blacklist.
Representatives for both banks declined to comment to the Times.
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Tana Bolinger, FamilyShare
James Hanlon, CNN