Prosecutors reportedly near charges against 2 big banks

Criminal charges against BNP Paribas and Credit Suisse could have wide-ranging implications for Wall Street, as banks once considered immune to charges become targets of prosecutors. One major factor in such cases is the cooperation of regulators, who have said in previous cases that they could be forced to consider revoking banks' charters if charges were filed, which some say could undermine the economy.

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New York Times (tiered subscription model), The · Bloomberg Businessweek

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