Credit Suisse, US ‘in tax probe payment talks’

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Credit Suisse Group AG is in talks with the US Department of Justice (DOJ) to pay as much as US$1.6 billion to resolve an investigation into the bank’s role in helping US citizens evade taxes, a person familiar with the matter said on Monday. Prosecutors have also been pushing for Credit Suisse to plead guilty in connection with the probe, two people with knowledge of the talks said. A spokesman for Credit Suisse declined to…

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Bill Gates predicted to be world’s first trillionaire

HE founded the world’s most famous software company and is dedicated to eradicating malaria. Now Bill Gates could be set to add another line to his CV: World’s first trillionaire. That’s according to financial forecasters who predict it’s only a matter of time before we see billions become trillions….