US tax probe set to widen

The US tax probe that resulted in high-profile charges for a handful of Swiss bankers is expected to widen to include banks from Asia and Israel. It is understood the US authorities believe some clients shifted cash to banks in other jurisdictions instead of reporting them to the US. Meanwhile, there are fears that Credit Suisse could become the next high-level bank embroiled in the investigation, following the indictment last week of four of its bankers.