Weekly Roundup: Court Approves Credit Suisse Data Handover, Standard Chartered Apologizes for ‘Clerical Error’ Statement, and More

Switzerland's Federal Administrative Court has approved a handover of Credit Suisse client data to the U.S. Internal Revenue Service, reported. The plan, which could still be blocked by an appeal, follows a previous rejection by the court to turn over data to the tax agency after a client of the bank challenged the request in court. In July, the IRS submitted a second request with more precise details. More Cypriot officials believe that the country is close to obtaining 5.8 billion euros, clearing the way for a much larger bailout package by the European Union, Reuters reported Friday. The...