06/20/2014 11:07 am ET Updated Jun 20, 2014

How Credit Suisse Got Off Easy


Last fall, James Cole, the No. 2 man at the Justice Department, sent an intriguing email about the criminal investigation of Credit Suisse’s offshore tax-evasion schemes for wealthy American clients. He asked Kathy Keneally, the agency’s top official directing the protracted investigation of Switzerland’s second biggest bank, “Can you give me an update on where we are with them?

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