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Legal Win for Swiss Bankers Could Disrupt U.S. Tax Settlement
By Colby Adams
printA Geneva court's ruling clearing the way for bankers to know whether their employers have identified them to American investigators threatens to complicate a negotiated U.S.-Swiss tax deal, say sources. In separate decisions rendered Oct. 24, the Geneva Tribunal of First Instance ruled that a former Credit Suisse Group AG banker and two ex-employees of HSBC Holdings Plc can receive copies of some of the records given to U.S. officials last year by their former employers. The banks turned over the data after American prosecutors threatened to indict them for aiding tax evaders. The decision, along with a similar ruling...
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