Financial Transparency Coalition

swissinfo - The youth branch of the rightwing Swiss People's Party has joined a campaign to protect banking secrecy by collecting signatures for a people's initiative.

Bloomberg -- Prosecutors in Los Angeles leveled charges in 2007 that sound like headlines in a fresh New Jersey corruption scandal: Rabbis in Brooklyn, New York, laundered money for an undercover informant, arranged phony charitable gifts and used secret Israeli bank accounts.

ZURICH (Reuters) - Shares in UBS soared on Monday after reports said the Swiss bank would not pay a fine and would pass on fewer client names than expected in a settlement of U.S. tax litigation to be finalized later this week.

The U.S. and Swiss governments have tentatively settled a legal dispute in which the U.S. government was demanding the names of thousands of Americans suspected of using Swiss bank accounts to hide money from the Internal Revenue Service.