BlackRock Inc. said Credit Suisse's guilty plea in a U.S. tax evasion case does not affect its business relationship with the Swiss bank, the chief executive of the world's biggest asset manager told a Swiss newspaper. Last month, Credit Suisse pleaded guilty to a U.S. criminal charge and will pay more than $2.5 billion in penalties for helping Americans evade taxes. Asked what consequences the guilty plea would have on BlackRock's business relationship with Credit Suisse, Larry Fink told Swiss newspaper Finanz und Wirtschaft: "None at all, we'll continue to do business with Credit Suisse." The newspaper said BlackRock was Credit Suisse's biggest counterparty, but a spokesman for the bank would not confirm this.
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