REUTERS/Arnd Wiegmann
A Swiss national flag (top) and a flag of the city of Basel fly over the entrance of a branch office of Swiss bank UBS in Basel October 22, 2013. Raoul Weil, the former UBS banker wanted in the United States over allegations of helping Americans dodge taxes, appeared for a court hearing in Italy on Tuesday in the first step towards possible extradition. Weil, a Swiss citizen and former head of UBS's global wealth management business, was arrested by Italian police in Bologna on Saturday and held in the local Dozza jail.
Many more are expected to follow in the coming weeks, as Switzerland's cherished bank secrecy slowly gets wound back.
The program requires the banks to hand over some previously hidden information and face penalties equivalent to up to 50 percent of the assets they managed on behalf of wealthy Americans.
The number that join this scheme is key for larger banks facing criminal investigations, so-called category one banks, in the United States, such as Credit Suisse, Julius Baer and Pictet & Cie.
A failure to win broad cooperation in the program could hold up settlements for the bigger banks, which have seen their talks with U.S. justice officials frozen pending a solution for the wider industry.
Following is a list of banks which have said they will take part in the government-brokered program by grouping themselves into categories depending on whether they had U.S. clients.
CATEGORY 2
Swiss banks in this group have a reason to believe they may have committed tax offenses, and are eligible for a non-prosecution agreement if they come clean and face fines. Banks which have said they will do so include:
EFG International
Banque Privee Edmond de Rothschild
St. Galler Kantonalbank
Banque cantonale de Geneve
Berner Kantonalbank
Banque Cantonale Vaudoise
Graubuendner Kantonalbank
Banque cantonale du Jura
Zuger Kantonalbank
Luzerner Kantonalbank
Valiant
Linth Bank
Coop Bank
Walliser Kantonalbank
Hypothekarbank Lenzburg
Unlisted banks in category 2
Union Bancaire Privee (UBP)
Rothschild Bank
Lombard Odier
CATEGORY 3, 4
These Swiss banks have not engaged in criminal conduct or are deemed "compliant" under U.S. tax rules. They would receive a non-target letter and not face fines. Banks which have said they will do so include:
Vontobel
Bank am Bellevue
Basellandschaftliche Kantonalbank
Valartis said it will decide at a later time whether to register for Category 3 or not to participate in the program at all.
(Reporting By Katharina Bart; Editing by Hugh Lawson and David Goodman)