(Bloomberg) -- With Credit Suisse Group AG poised to become the first bank in more than a decade to admit to a crime in the U.S., regulators have been reaching out to some of the firm’s biggest business partners to avert a panic, according to a person briefed on those communications.

The bank reached a deal to plead guilty as early as today to resolve claims it helped Americans evade taxes and will pay about $2.5 billion to the Justice Department and regulators, said a person familiar with the matter, requesting anonymity because the details aren’t public. Chief Executive Officer Brady Dougan and Chairman Urs Rohner may step down, SonntagsZeitung reported May 17, without saying how it got the information.

Register or login for access to this item and much more

All On Wall Street content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access