(Bloomberg) -- Swiss banks will on the whole meet the deadline for delivering information on offshore accounts to the U.S., improving their chances of settling with the Justice Department this year.
Roiled by the demise of the countrys oldest bank, the lenders are helping U.S. prosecutors build cases against Americans who failed to report money stashed in Switzerland, a $2.3 trillion global hub for cross-border banking.
Register or login for access to this item and much more
All Financial Planning content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access