Swiss to hand over 4,450 bank account details to US
ZURICH |
ZURICH Aug 19 (Reuters) - The Swiss government will hand over details of about 4,450 bank accounts to U.S. authorities as part of a deal struck with Washington over UBS (UBS.N) (UBSN.VX), it said on Wednesday.
"In the UBS case, the United States will submit a new treaty request to Switzerland and will withdraw the John Doe summons that demands disclosure of the identity of 52,000 UBS accounts holders," the Swiss government said in a statement.
"In return, Switzerland has undertaken to process a new treaty request, concerning approximately 4,450 accounts, within a year." (Reporting by Sam Cage and Jason Rhodes)
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