One of Switzerland's biggest banks said it expects to pay more than $500 million in penalties to U.S. authorities. Credit Suisse said it is in "advanced settlement discussions" with federal and state officials, investigating the bank's handling of funds for Iran. It's part of an ongoing U.S. probe into how Western banks handle financial transactions for countries under U.S. sanctions.
Credit Suisse Close To Settling U.S. Probe
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