Swiss banks ready to reveal customer names

Swiss banks will likely settle a sweeping US probe of offshore tax evasion by paying billions of dollars and handing over names of thousands of Americans who have secret accounts, according to two people familiar with the matter. US and Swiss officials are concluding negotiations on a civil settlement amid US criminal probes of 11 financial institutions, including Credit Suisse, suspected of helping American clients hide money from the Internal Revenue Service, according to five people with knowledge of the talks who declined to speak publicly because they are confidential.

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