(Bloomberg) New York’s top banking regulator is investigating whether Credit Suisse Group AG’s private banking practices resulted in the evasion of state taxes, according to a person with knowledge of the matter.

Benjamin Lawsky, superintendent of New York’s Department of Financial Services, sent the Zurich-based bank a demand for documents last month, said the person, who asked not to be identified because the probe is confidential. Credit Suisse fell as much as 2.8 percent in Swiss trading.

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