Wednesday, November 25, 2015

One More Bank Obtains NPA under DOJ Swiss Bank Program (11/25/15)

On November 24, 2015, DOJ announced here that the following Swiss banks have entered NPAs under the DOJ program for Swiss banks, here.

Deutsche Bank (Suisse) SA (Deutsche Bank Suisse)
$31.026 million

Here are the updated statistics for the Swiss Bank Program:

US DOJ Swiss Bank Program
Number
Number Resolved
Total Costs
   U.S. / Swiss Bank Initiative Category 1 (Criminal Inv.) *
17
5
$3,470,550,000
   U.S. / Swiss Bank Initiative Category 2 **
89
57
$563,234,990
   U.S. / Swiss Bank Initiative Category 3
14

$0
   U.S. / Swiss Bank Initiative Category 4
8

$0
Swiss Bank Program Results
128

$4,033,784,990




* Includes subsidiary or related entities counted as separate entities, so the numbers may exceed the numbers the IRS and DOJ posted numbers which combine some of the entities.



** DOJ says original total was 106 but that it expects about 80 to complete the process.



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