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Credit Suisse 'cloak-and-dagger' tactics cost US taxpayers billions – senators
Senators Carl Levin and John McCain had harsh words for the Justice Department and the Swiss government, too, as they released a 178-page permanent subcommittee on investigation (PSI) report into offshore tax avoidance. McCain said US authorities had done too little to prosecute bankers, and accused the Swiss government of trying to “close the door” on misconduct. The PSI report was released before a congressional hearing Wednesday at which Credit Suisse CEO Brady Dougan and three other senior bank officers are scheduled to appear. Levin and other US officials have for more than six years been investigating how ... (full story)