Swiss relieved Credit Suisse probe in US is over

Switzerland's finance minister today said her government is satisfied with the US 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 said banks including the regional cantonal lenders remain in talks to resolve charges of misconduct as part of a US crackdown on foreign banks believed to be helping American tax cheats.
She told reporters that more such cases involving investigation by the US Justice Department should be resolved in coming months after Credit Suisse AG's guilty plea and USD 2.6 billion payment.

There are 24 cantonal banks among the 26 Swiss cantons, or states.
Credit Suisse shares were up 1 per cent at 26.33 Swiss francs today.