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A top U.S. prosecutor responsible for the crackdown on Swiss banks and financial institutions is resigning from the U.S. Justice Department.
Reuters reports Kevin Downing will join an undisclosed private law firm.
The Justice Department did not comment on the move.
Downing led the investigation against UBS in 2005, which led to a deferred prosecution agreement and a 780 million dollar fine for the bank.
Investigations opened under Downing’s tenure against eleven Swiss banks are still open, and private bank Wegelin was indicted earlier this year.