Are Credit Suisse, BNP Test Cases for Bank Charges?

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May 6 (Bloomberg) -- Bloomberg’s Keri Geiger examines the possibility of criminal charges against Credit Suisse and BNP Paribas and what that could mean for the banking industry on Bloomberg Television’s “In The Loop.”

In a case against credit suisse.

This looks like it could be either bank has a guilty plea with a settlement.

The interesting thing with this is, it's a subsidiary bank does this, he could shield the bank as a whole, which could happen.

It could be a unit of credit suisse that ends up doing this.

That is one that the justice department does have.

They're working very closely with regulators to figure out what happens.

How closely are others watching the cases?

Very closely.

Two important points.

Neither case are particularly related to the financial crisis.

The big push to get people arrested over the financial crisis, credit suisse is related to the bank allegedly helping u.s. citizens if they taxes and bnp is under investigation for issues related to money transfers and sanctions and things like that.

One of the main keys the market is talking about is these are foreign banks.

Is it like a test case?

Kaiser a lot of people see it as test cases.

There is debate and controversy on whether or not it will work and depending on how they do it, what the fallout will be.

Holder's comments are an about-face from what we heard last year.

They are and there is a definite shift from what we heard him say last year, where there could be fallout from criminally charging a bank.

It is hard to say at this point whether these cases or cases they really feel strongly about.

Are there other cases pending that could test this?

Are there others coming up?

These cases will move forward

This text has been automatically generated. It may not be 100% accurate.


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