Switzerland allows banks to settle US tax evasion cases

The Swiss government agreed on Wednesday to create a legal basis that will allow its banks to settle investigations by US authorities into their role in helping wealthy Americans evade billions of dollars in tax.


Swiss lawyers blast secretive US bank deal

A secretive deal between Bern and Washington over Swiss banks' alleged complicity in tax evasion by Americans is "deeply worrying," according to the new head of the Swiss Bar Association.


Swiss have no choice but to bow to U.S. ultimatum - Ackermann

The Swiss parliament is divided over a government bill unveiled last week, which would let Swiss banks hand over internal information to the U.S. authorities in the hope of avoiding threatened criminal charges - though the banks still face fines likely to


US requests bank data from Julius Baer

Switzerland is also negotiating a separate deal with the US that aims to put an end to intrusive demands for information and a growing list of criminal proceedings against Swiss banks and their employees.


Minister says end to US tax dispute in sight

Swiss Finance Minister Eveline Widmer-Schlumpf says a resolution may be not far off to end a long-running dispute with the United States over Swiss banks accused of helping wealthy Americans evade billions of dollars of taxes.