Credit Suisse Execs Urged To Resign Over Tax Charges

Christian Levrat, head of the Swiss Social Democrats, urged the Swiss lender’s top execs to resign amid mounting political pressure over Credit Suisse Group AG (ADR) (NYSE:CS)’s long-running tax spat with the U.S. According to a report appearing in the Financial Times, the senior Swiss politician reportedly said the execs are liability for the bank.

Credit Suisse’s tax woes

In March of this year, through a letter and a series of hearings, the U.S. Senate put pressure on the Justice Department to...