Credit Suisse pleads guilty to helping 'tax cheats'
20 May 2014 Last updated at 07:47 BST
The Swiss banking giant Credit Suisse has pleaded guilty to helping some US clients avoid paying taxes to the government.
It has agreed to pay a $2.6bn (£1.5bn) fine and is the biggest bank to plead guilty to criminal charges in more than 20 years.
Credit Suisse said in a statement it deeply regretted the past misconduct.
Michelle Fleury reports.