Two more Swiss banks join U.S. tax deal

Two more Swiss banks said they would work with U.S. officials in a crackdown on wealthy Americans evading taxes through hidden offshore accounts, a trickle that could rise to about one third of the country’s private banks. These banks’ talks with U.S. justice officials to settle their cases have been frozen pending a solution for the wider Swiss banking sector. Bank Coop and Migros Bank said on Tuesday they would participate in the U.S. scheme. They join Valiant Holding and Berner Kantonalbank, two mainly retail banks, and Zurich-based private bank and securities firm Vontobel Holding AG, which have also said they would take part.


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