Credit Suisse Group AG is close to reaching an agreement to plead guilty and pay about $2.5 billion to the U.S. Justice Department and regulators to resolve investigations into whether it helped Americans evade taxes, Bloomberg News reported yesterday. The Zurich-based bank would pay about $1.7 billion to the Justice Department, at least $600 million to the New York Department of Financial Services and $100 million to the Federal Reserve. The proposed accord could be announced as early as next week.
