Swiss relieved Credit Suisse probe in US is over
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.