# Prof. Roy Smith on Credit Suisse's plea bargain

1 Faculty News November 21, 2014>

Excerpt from [Bloomberg](https://www.bloomberg.com/news/2014-11-21/credit-suisse-2-6-billion-deal-gives-judge-few-options.html) -- "'We understood that the idea behind the criminal prosecution by Justice' of Credit Suisse 'was that the punishment would not involve denial of business,' [Roy C. Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith), a finance professor at New York University, said in an e-mail. Denying the bank the ability to do business would be 'very consequential,' he said."

[Read more](https://www.bloomberg.com/news/2014-11-21/credit-suisse-2-6-billion-deal-gives-judge-few-options.html)