Justice Department Announces Two Banks Reach Resolutions under Swiss Bank Program

The Department of Justice has announced that Migros Bank AG (Migros) and Graubündner Kantonalbank (Graubündner) have reached resolutions under the department’s Swiss Bank Program.  These banks will collectively pay penalties totaling more than $18 million. “It is abundantly clear from the agreements reached to date that for decades, many foreign financial…