Credit Suisse plea raises risk of U.S. bank indictment

hurley11-150x150The Deal Pipeline
Cornelius Hurley, School of Law, Center for Finance, Law & Policy

Analysts and observers describe the Justice Department’s $2.6 billion landmark settlement with Credit Suisse Group as a “felony light” approach that sends a message: Big U.S. banks could be required to plead guilty for their offenses…

Expert quote:

“The Justice Department had three different choices. They could have indicted and let the chips fall where they may, they could have not indicted and continued the perception that big banks are too-big-to-jail or they could create a felony-light scenario and they chose option three.”

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