Financial Transparency Coalition

ZURICH (Reuters) - The Swiss foreign minister is due to meet U.S. Secretary of State Hillary Clinton on July 31, just days before a deadline to reach a settlement in a damaging U.S. tax case against UBS.

Two more Swiss banks have decided to scale down their services to United States-based clients in light of an ongoing tax evasion case that threatens banking secrecy.

GENEVA — Swiss authorities on Thursday lifted a 12-year freeze on nearly seven million dollars in assets the late Zairean dictator Mobutu Sese Seko held in Switzerland, allowing their return to his family.

Finance Minister Pranab Mukherjee on Tuesday said that New Delhi has initiated a dialogue with Swiss authorities to obtain information on Indian black money stashed away in banks there — an issue that had raised much political heat during the elections with BJP leader L K Advani making it a major poll plank.