Business News: U.S., Switzerland forge bank settlement deal amid - TopicsExpress

Business News: U.S., Switzerland forge bank settlement deal amid tax probe: WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it had signed an agreement with the Swiss government to allow some Swiss banks to avoid or defer prosecution stemming from a long-running probe of tax dodging by Americans using Swiss bank accounts. In a deal that will apply mostly to second-tier Swiss banks, the Justice Department said a settlement program will be open only to banks not already under U.S. criminal investigation. Under the program, eligible banks would pay penalties and disclose account information about U.S. ... Get Full Details From News Source u.robinspost/3tHCDJ

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