Swiss banks to outline steps in US tax evasion row
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http://www.cnbc.com/id/46270834
Two of Switzerland's oldest banks will this week outline their response to growing U.S. pressure to give up tax-evading American customers and the bankers who helped them.
Senior executives of Julius Baer Group will detail the Zurich-listed bank's position when its full-year results are released Monday.
State-owned Zuercher Kantonalbank presents its annual results Friday.
Last month St. Gallen-based Wegelin & Co. announced it was selling most of its business after U.S. authorities indicted Switzerland's oldest private bank with conspiring to help American clients hide more than $1.2 billion from the U.S. Internal Revenue Service.
U.S. authorities are targeting at least 11 Swiss banks suspected of helping American clients cheat on their taxes.
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Look out Willard!!!
