Swiss banks break ranks as US tax probe bites

ZURICH: The unified front with which Switzerland's banks have defended their culture of secrecy is breaking down as some prepare to hand over data in a US tax evasion probe, leaving others at greater risk of prosecution.

Credit Suisse denies Swiss banks helping Germans dodge tax pact

ZURICH: The head of Credit Suisse denied on Monday that Swiss banks have been undermining a tax pact with Germany by helping wealthy clients move funds to rival financial centres such as Singapore to avoid becoming subject to taxes.