Credit Suisse pays €150m to settle German tax probe

A €150m (£131m) payment will be made by Credit Suisse to the German authorities to drop an investigation into whether the bank and its staff had assisted in tax evasion.

The payment will appear in the bank’s Q3 financials.

“Credit Suisse welcomes this outcome. A complex and prolonged legal dispute has been avoided, with an agreed solution that provides legal certainty,” the bank said in a press statement.

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