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Ex-Credit Suisse Offshore Banking Head Charged in U.S. Tax Case

Credit Suisse Group AG’s former head of North America offshore banking, Markus Walder, was among seven bankers charged with conspiring to help clients in the U.S. evade taxes through secret bank accounts.

The seven bankers and an eighth executive were charged yesterday in an amended indictment in federal court in Alexandria, Virginia. Four of the Credit Suisse bankers were previously charged. The new defendants include Walder, Susanne D. Ruegg Meier, a former Credit Suisse manager, and Andreas Bachmann, another former banker at the Zurich-based lender, Switzerland’s second largest.