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BNP Paribas and Credit Suisse may face US criminal cases

Justice Department seeks charges against BNP Paribas for allegedly skirting economic sanctions and Credit Suisse for allegedly helping clients avoid taxes

US prosecutors are threatening to use what bank executives consider a nuclear option by filing criminal charges against two large foreign banks.

Officials led by the Justice Department, though, are still trying to find a way defuse the most catastrophic possible outcome of filing criminal charges: driving the banks out of business entirely.

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