News Journal

Switzerland’s largest bank will disclose names of account holders

The largest bank of Switzerland UBS will disclose the names of the account holder to prevent prosecution from American authorities who are charging the bank of helping high tax payers of the country.

The bank will also be paying an amount of $780 million and the latest step was taken by the bank after it was accused by the Justice Department of U.S. of helping 17000 U.S. account holders of hiding account details.