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Swiss relieved Credit Suisse probe in US is over

Swiss gov't relieved Credit Suisse investigation over, but more banks still in US crosshairs

FILE - In this April 27, 2014 file picture  Swiss flags fly at the entrance of of Swiss bank Credit Suisse in Zurich, Switzerland.E uropean bank Credi...
Axel Weber, Chairman of the Board of Directors of Swiss Bank UBS, adresses a panel session during the Swiss International Finance Forum, in Bern, Swit...
Urs Rohner, Chairman of the Board of Directors of Swiss Bank Credit Suisse, Philipp Hildebrand, Vice Chairman of US investment company Blackrock and A...
British Mark Branson, CEO of Swiss Financial Market Supervisory Authority FINMA, adresses a panel session during the Swiss International Finance Forum...
Philipp Hildebrand, Vice Chairman of US investment company Blackrock, Urs Rohner, Chairman  of the Board of Directors of Swiss Bank Credit Suisse, and...

Switzerland US Credit Suisse

FILE - In this April 27, 2014 file picture Swiss flags fly at the entrance of of Swiss bank Credit Suisse in Zurich, Switzerland.E uropean bank Credi...

Switzerland Banks

Axel Weber, Chairman of the Board of Directors of Swiss Bank UBS, adresses a panel session during the Swiss International Finance Forum, in Bern, Swit...

Switzerland Banks

Urs Rohner, Chairman of the Board of Directors of Swiss Bank Credit Suisse, Philipp Hildebrand, Vice Chairman of US investment company Blackrock and A...

Switzerland Banks

British Mark Branson, CEO of Swiss Financial Market Supervisory Authority FINMA, adresses a panel session during the Swiss International Finance Forum...

Switzerland Banks

Philipp Hildebrand, Vice Chairman of US investment company Blackrock, Urs Rohner, Chairman of the Board of Directors of Swiss Bank Credit Suisse, and...

GENEVA (AP) -- Switzerland's finance minister says her government is satisfied with the U.S. deal that will allow Credit Suisse, the nation's second-biggest bank, to put its criminal investigation behind it but notes other banks remain in the crosshairs.

Finance Minister Eveline Widmer-Schlumpf says banks including the regional cantonal lenders remain in talks to resolve charges of misconduct as part of a U.S. crackdown on foreign banks believed to be helping American tax cheats.

She told reporters Tuesday that more such cases involving investigation by the U.S. Justice Department should be resolved in coming months after Credit Suisse AG's guilty plea and $2.6 billion payment.

There are 24 cantonal banks among the 26 Swiss cantons, or states.

Credit Suisse shares were up 1 percent at 26.33 Swiss francs Tuesday.


Updated : 2021-02-27 02:54 GMT+08:00