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Credit Suisse Agreed to Pay $2.6B, Including $715M to New York, in Tax-Evasion Case

WSJ-

Neil Barofsky, the former watchdog of the U.S. government’s bank-bailout program, has been selected by New York’s banking agency to oversee Credit Suisse Group AG’s compliance with a tax-evasion settlement the firm reached with federal and state authorities last month, according to people familiar with the matter.

A five-member committee within the New York Department of Financial Services recently chose Mr. Barofsky from a pool of about 15 candidates who applied to be the monitor for the settlement, according to one of…

 [WALL STREET JOURNAL]

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