According to reports, Credit Suisse is expected to enter a guilty plea and pay a settlement of nearly $2.5 billion to end a tax-evasion probe. The firm allegedly helped wealthy Americans evade taxes. Under the terms, $700 million will go to U.S. regulators and $1.7 billion will go to the Justice Department. Of the $700 million, $100 million will go to the Federal Reserve and $600 million to the New York State Department of Financial Services. This shows that the Department of Financial Services has become quite powerful overseeing Wall Street compared to its peers. A guilty plea could lead regulators to revoke a bank’s charter to operate, although it’s very unlikely. A revoke of charter would amount to the death penalty for a bank and cause a huge ripple effect in financial markets.