New York Times: The Justice Department has opened a criminal investigation into Swiss regional banks that it suspects may have helped scores of wealthy Americans evade taxes.As part of the investigation, the latest effort to pry open the often opaque Swiss system, federal authorities are looking at Wall Street banks that provide banking services to the regional companies, known as cantonal banks, according to unnamed sources.
Speaking on the condition of anonymity, they said that the Wall Street banks might have been used by the regional banks to pool client money so that individual clients could not be identified by the United States authorities. Read more…..