GENEVA: The second largest Swiss bank, Credit Suisse said on Tuesday it had warned its U.S. customers who may be subject to U.S. tax investigation, and urged them to hire lawyers to represent them.
"The letter is," a bank spokesman told AFP, referring to reports of the media a press release sent by the bank to its customers in the investigation of U.S. tax.
He declined to say how many customers of the bank receiving the letter, which also advises customers to commit to a contact in Switzerland, which could represent, if necessary, to the Swiss tax office.
Washington has formally asked Bern to provide information about U.S. clients of Credit Suisse, as part of its investigation to determine if 11 Swiss banks have helped U.S. citizens evade taxes.
Credit Suisse has allocated 295 million francs (242 million euros, $327 million) in the provisions of the case, stated Credit Suisse in its earnings report for the third quarter.
The probe against Swiss banks extended following a successful offensive against the largest Swiss bank UBS, which was forced to pay $ 780 million in fine.
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