Video: UBS deal tests Swiss bank secrecy
UBS agrees to hand over client data to the United States in a tax fraud case settlement, which some say could put an end to Switzerland's banking secrecy. Switzerland's biggest bank also agreed to pay $780 million as well as identify 250 American clients who held undeclared bank accounts to avert criminal charges. But the Swiss Finance Minister says banking secrecy remains.
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Labels: bank secrecy, banking, crime, secrecy, swiss, switzerland, ubs, video
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