Swiss Agree on Program for Banks to Settle U.S. Dispute

``Switzerland said it has agreed to a draft plan with the U.S. for the country's banks to settle a tax-evasion dispute after years of diplomatic wrangling. The agreement is the result of more than two years of negotiations over U.S. probes of at least a dozen banks, including Credit Suisse Group AG (CSGN) and Julius Baer Group Ltd. (BAER), which allegedly helped Americans evade taxes. While some of those banks are already in settlement talks, the U.S. Justice Department wants to widen its crackdown by forcing other Swiss wealth managers to disclose data on cross-border accounts.'' -- Not in this article is that the Swiss are simply abandoning US clients altogether... so this isn't what you would normally think of as a "settlement". It's more like a divorce.