Credit Suisse Faces US Tax Probe, Senate Inquiry Over Accounts

Credit Suisse is under investigation by the US Justice Department and a Senate inquiry for potentially aiding US account holders, particularly those with South American passports, in evading taxes. The bank has a history of similar issues, having paid a significant fine in the past. Currently, Credit Suisse faces financial challenges, with analysts predicting a capital shortfall. The bank is exploring restructuring options, including selling off units, but prefers not to raise capital due to low share prices. The situation has led to stock volatility and significant leadership changes.

What restructuring plans has the new CEO of Credit Suisse pledged to implement?

How has the stock performance of Credit Suisse been affected by recent events?