Bloomberg reports that Swiss banks will on the whole meet the deadline for delivering information on offshore accounts to the U.S., improving their chances of settling with the Justice Department this year.

Roiled by the demise of the country’s oldest bank, the lenders are helping U.S. prosecutors build cases against Americans who failed to report money stashed in Switzerland, a $2.3 trillion global hub for cross-border banking.

via Swiss Banks Send U.S. Client Data Before Cascade of Accords – Bloomberg.

Posted by Lewis J. Saret, Co-General Editor, Wealth Strategies Journal.