Friday, December 3, 2010

Bankers or Us in United States

Bankers or Us in United States: The chief executive officer of the Swiss Bankers Association said Wednesday he’s “very confident that the relations are very good” despite the U.S. action that forced UBS to disclose thousands of account holders suspected of cheating on U.S. taxes.

A pinnacle Swiss banking spokesman says family members with the United States are on the repair just weeks after the Internal Revenue Service ended its legal action against Swiss bank UBS AG.

Claude-Alain Margelisch also told the Foreign Press Association in Switzerland that “it was a very great priority” for bankers to gain the Swiss government’s endorsement to put the case in the past.

He said it seems “everybody has done its work in this context” so the Swiss can move further than a landmark case that saw centuries-old Swiss banking secrecy laws fractured.

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