US Court asks Swiss bank to pay $58 mn for tax evasion

This is for the first time that a foreign bank in the US has been indicted for facilitating tax evasion by US taxpayers and the first guilty plea and sentencing of such a bank.

Swiss govt not to entertain requests based on stolen a/c data

This comes in the backdrop of requests from countries, including India, which are in possession of account details of Swiss bank customers that were allegedly stolen or gathered through illegal means and passed on to governments.