The $5 billion settlement of a long- running pollution case will free Anadarko Petroleum Corp. to rival the world’s biggest energy companies and pursue global ambitions from Mozambique to the Gulf of Mexico.
U.S. Senators Carl Levin and John McCain urged the Justice Department to seek extradition of about 30 Swiss bankers and others who are charged with enabling offshore tax evasion and haven’t appeared in federal courts.
U.S. Deputy Attorney General James Cole will defend the Justice Department’s investigation into offshore tax evasion, promising lawmakers more action in the coming months after a Senate subcommittee reprimanded prosecutors for not being aggressive enough.
Thousands of Credit Suisse Group AG’s U.S. clients still don’t know whether tax authorities will learn their identities as prosecutors work to conclude a three- year probe of how the bank helped them evade taxes.
Credit Suisse Group AG’s Chief Executive Officer Brady Dougan, under fire from U.S. lawmakers, apologized and deflected blame onto a small group of employees for helping clients hide billions of dollars from the Internal Revenue Service.