Swiss Balk at Bank Disclosures to US Authorities

Swiss lawmakers are balking at ending the country’s long-time bank secrecy tradition so the financial institutions can tell U.S. authorities about suspected American tax evaders.

The lower house of the Swiss parliament voted overwhelmingly Tuesday to not discuss a government proposal that would have given the Alpine country’s 300 banks the right to talk to American investigators about the secret accounts of wealthy investors.

The rejection sent the measure back to parliament’s …

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