As we reported last night [4], in a scorching 175-page report, the Senate Subcommittee on Investigations threw the book at the second largest Swiss bank Credit Suisse for allowing up to 22,000 Americans to avoid paying taxes for years. Today is the obligatory post-report spectacle which since it is headed by Carl Levin, of Goldman "Shitty Deal", fame, promises to be quite a populist fest.
The Credit Suisse employees lined up for crucifixion are the following:
BRADY W. DOUGAN
Chief Executive Officer
Credit Suisse Group AG, Credit Suisse AG
New York, NY
ROMEO CERUTTI
General Counsel
Credit Suisse Group AG, Credit Suisse AG
Zürich, Switzerland
HANS-ULRICH MEISTER
Co Head, Private Banking and Wealth Management, Chief Executive Officer - Region Switzerland
Credit Suisse Group AG, Credit Suisse AG
Zürich, Switzerland
ROBERT S. SHAFIR
Co Head, Private Banking and Wealth Management, Chief Executive Officer - Region Americas
Credit Suisse Group AG, Credit Suisse AG
New York, NY
Watch it live below.
The full Senate report is below (pdf link [5])