Credit Suisse bows under US pressure

us_credit_pressureSwiss bank Credit Suisse has sent letters to some US clients, stating that theiraccount details may be given to the Internal Revenue Service,  it covers accounts open from 2002 to the end of last year. Clients are told they can either agree to the handover of data to Swiss tax authorities who can send it to their US counterparts, or contest the process.

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