Holder: Big banks may face criminal cases soon... says, no such thing as 'too big to jail.' [View all]
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BREAKING: Attorney General Eric Holder says big banks may face criminal cases soon http://reut.rs/1g2Q8Ly ht @usuncut pic.twitter.com/B1vcUjmOZ6
May 5 (Reuters) - The U.S. Justice Department is pursuing criminal investigations of financial institutions that could result in action in the coming weeks and months, U.S. Attorney General Eric Holder said in a video, adding that no company was "too big to jail."
The comments, made in a video posted on the Justice Department's website on Monday, came as federal prosecutors push two banks, BNP Paribas SA and Credit Suisse AG , to plead guilty to criminal charges to resolve investigations into sanctions and tax violations, respectively, according to people familiar with the probes.
"I intend to reaffirm the principle that no individual or entity that does harm to our economy is ever above the law," Holder said in the video. "There is no such thing as 'too big to jail.'"
read more: http://www.reuters.com/article/2014/05/05/usa-banks-holder-idUSL2N0NR0NA20140505
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