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May 06, 2014 AT 8:23 AM
Credit Suisse 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. Prosecutors have also been pushing for the bank to plead guilty in connection with the probe, two people with knowledge of the talks said. A spokesman for Credit Suisse declined comment.