According to the Handelszeitung some of the banks in Category 2 might get a settlement in the US tax dispute in March 2015. The banks that could reach a settlement are the ones where lighter offenses are considered and where the cooperation with the Us Department of Justice (DoJ) has been qualified as highly cooperative. For the more serious offenders or the ones with more US customers, the negotiations will take longer.

As a reminder The Category 2 banks are the banks that were not under investigation by the DoJ at the time of signature of the US Program but have reason to believe that they have committed tax-related offenses. The Category 2 banks need to deliver information about the cross-border business on US-related accounts and pay a fine that is based on a lump sum calculation for undeclared accounts. This would allow them to obtain a Non-Prosecution Agreement (NPA).