According to the newspaper Finanz und Wirtschaft, 5 out of the 24 Swiss Cantonal Banks moved out of the US Tax Program in the last few weeks in spite of their first consideration for Category 4 and the recommendation of the FINMA. The banks from Baselland, Uri, Schwyz, Baselland and Glarus confirmed appropriate search and said they did their homework and made risk analysis before deciding that the non-participation  in the program is on the best interest of the banks.