The Traderszone Network

Published in TZ Latest News 5 May, 2014 by The TZ Newswire Staff

U.S. attorney general says banks may face criminal cases soon

The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said in a video, adding that no company was “too big to jail.” The comments, made in a video posted on the Justice Department’s website on Monday, came as federal prosecutors push two banks, BNP Paribas SA (BNP.PA) and Credit Suisse AG (MLPN), to plead guilty to criminal charges to resolve investigations into sanctions and tax violations, respectively, according to people familiar with the probes.

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