U.S. Close To Bringing Criminal Charges Against Big Banks

U.S. Close To Bringing Criminal Charges Against Big Banks
Pedestrians walk past UBS AG's headquarters, left, and Credit Suisse Group AG's headquarters in Zurich, Switzerland, on Wednesday, April 16, 2014. Credit Suisse, the second-biggest Swiss bank, said first-quarter profit fell 34 percent as earnings at the investment bank dropped. Photographer: Gianluca Colla/Bloomberg via Getty Images
Pedestrians walk past UBS AG's headquarters, left, and Credit Suisse Group AG's headquarters in Zurich, Switzerland, on Wednesday, April 16, 2014. Credit Suisse, the second-biggest Swiss bank, said first-quarter profit fell 34 percent as earnings at the investment bank dropped. Photographer: Gianluca Colla/Bloomberg via Getty Images

Federal prosecutors are nearing criminal charges against some of the world’s biggest banks, according to lawyers briefed on the matter, a development that could produce the first guilty plea from a major bank in more than two decades.

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