WASHINGTON -- Credit Suisse Group executives were further pressed to furnish the names of U.S. investors who stashed assets with the Swiss bank in a bid to dodge federal taxes, raising new allegations about the company's role in facilitating tax evasion, during questioning by a Senate investigative subcommittee.
Over the course of more than three hours of testimony Wednesday, officials at Switzerland's second biggest bank acknowledged that a small division of the firm had previously engaged in illicit activities to shield U.S. funds from tax authorities, but insisted that they had since implemented significant internal reforms to curb those abuses.
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