Credit Suisse management has accepted responsibility for wrongdoing by its staff, while rejecting any suggestion that it was bank policy to help foreign clients hide their wealth from their governments.
When the bank sent data on employees to U.S. prosecutors investigating its U.S. dealings last year, some staff voiced outrage and went to court to prevent Credit Suisse from releasing the data.
Credit Suisse last week settled charges levied by the U.S. Securities and Exchange Commission, admitting to wrongdoing and paying $196 million in fines. But a settlement with the Justice Department is not imminent, a person familiar with the matter has told Reuters.
Credit Suisse is one of 14 Swiss banks being probed by U.S. prosecutors over taxes, after UBS became the first major bank to agree a settlement over the charges. Two smaller Swiss banks, Wegelin & Cie and Bank Frey, have had to close as a result of the U.S. investigation.