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.



No comments:

Post a Comment

Please make sure that your comment is relevant to the blog entry. For those regular commenters on the blog who otherwise do not want to identify by name, readers would find it helpful if you would choose a unique anonymous indentifier other than just Anonymous. This will help readers identify other comments from a trusted source, so to speak.