Shares in UBS plunged on Friday after US tax authorities said they were widening a probe into the Swiss bank and wanted 52,000 client names, a day after UBS agreed to a hefty fine to settle criminal charges. The stock was down 9.4 percent at 11.60 Swiss francs at 0829 GMT, reversing some of Thursday's strong gains. The DJ Stoxx index of European banks was down 3.8 percent, and rival Credit Suisse was down 8.65 percent. Analysts had welcomed Wednesday's news in the hope it would settle the U.S. probe, which is investigating help given to rich Americans to dodge tax, and allow crisis-hit UBS to focus on a badly needed restructuring. But the civil US lawsuit announced late on Thursday will continue to keep UBS under pressure and will be watched by the whole $7 trillion offshore banking industry, as it could open further cracks in the secrecy that helped the sector thrive. UBS agreed on Wednesday to pay a fine of $780 million and to disclose about 250 names of U.S. clients it said had committed tax fraud. But US tax authorities now wants thousands more names of citizens it says are hiding about $14.8 billion in assets in secret bank accounts. The civil lawsuit, filed in Miami federal court, also alleges that UBS helped hundreds of taxpayers set up dummy offshore companies to make it easier to avoid reporting obligations under U.S. tax laws. Swiss media described the UBS settlement as a capitulation for Switzerland, and experts said they expected it to weaken the country's bank secrecy rules. A cartoon in Swiss newspaper Tages Anzeiger showed a safe symbolising bank secrecy being pierced by a bullet carrying the name of the US Department of Justice. A second cartoon showed a huge rocket, labelled the U.S. tax authorities, coming at full speed while UBS Chairman Peter Kurer was quoted as saying that the bank was no longer a target.