On Monday, October 30, a judicial agreement of public interest (CJIP) was approved by a Paris judge. It was the fruit of two years of negotiations between the French National Financial Prosecutor's Office (PNF) and the Swiss bank. As a result of this agreement, Credit Suisse will have to pay the French government a fine of 123 million euros and 115 million in damages to avoid legal proceedings for aggravated laundering of tax evasion.

For several years, Credit Suisse had been on the PNF's sights like other Swiss banks, particularly UBS. For good reason, he concealed at least two billion euros of assets belonging to nearly 5,000 French taxpayers over a period from 2005 to 2012. In reality, Credit Suisse does not formally acknowledge its guilt by concluding a CJIP. But this bank has agreed to pay 238 million euros to the public treasury to avoid the risk of a lawsuit before the criminal court. According to one of the bank's lawyers, it's a way to “turn the page.” In a statement, Credit Suisse commented that “The transaction does not involve an admission of criminal liability. The bank is pleased to resolve this case, which marks another important step in proactively resolving disputes and issues inherited from the past.”