Credit Suisse In Talks To Pay $1.6 Billion To Resolve U.S. Tax Probe: Source

(Reuters) - Credit Suisse Group AG (VTX:CSGN) is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank's role in helping Americans evade U.S. taxes, a person familiar with the matter said on Monday. The penalty could be roughly twice the amount paid by UBS AG, which settled similar charges in 2009 for $780 million and agreed to identify its customers. Prosecutors have also been pushing for Credit Suisse to plead guilty in connection wi...