US tax deal could prove deadly for small banks

Paying the price US tax deal could prove deadly for small banks

by Matthew Allen, swissinfo.ch
December 9, 2013 - 17:03
Big banks, which sparked the US crackdown by knowingly or recklessly harbouring untaxed assets, have the financial clout to absorb costs and fines. But regional institutions, making up one in four of all Swiss banks, may face...