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What if other countries started prosecuting U.S. banks?

Brad Davis in Midnight Express, 1978. Photographer: Col;umbia/Everett Collection

What if other countries started prosecuting U.S. banks?

Jail the Banks! Well, the Foreign Ones, Anyway

It's hard not to notice that after extensive discussions among regulators and prosecutors about the advisability of bringing criminal charges against "too big to fail" banks, U.S. officials are finally demanding criminal sanctions ... of foreign banks.

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Credit Suisse executives at Senate hearing on offshore tax evasion.

Michael Reynolds/EPA

Credit Suisse executives at Senate hearing on offshore tax evasion.

The Chump’s Guide to Tax Evasion

Much of the Senate's report on Credit Suisse wasn't news: We already knew the company helped thousands of Americans evade taxes. Most surprising here is that the typical secret Swiss bank accounts turns out to be surprisingly small.

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