Via AFP:
The head of Credit Suisse expressed regret that his bank helped US clients hide billions of dollars from the tax man, but blamed the wrongdoing on a small band of rogue employees.
Chief executive Brady Dougan conceded that the bank, Switzerland's second largest, undertook elaborate efforts to gain new, secret American clients.
"Credit Suisse's management team regrets very deeply that despite the industry-leading compliance measures we put in place, we have some Swiss-based private bankers who appear to have violated US law," Dougan, the first American to lead a major Swiss bank, told U...
