GENEVA -- A top Swiss banking spokesman says relations with the United States are on the mend just weeks after the Internal Revenue Service ended its legal action against Swiss bank UBS AG.
The chief executive officer of the Swiss Bankers Association said Wednesday he's "very confident that the relations are very good" despite the U.S. action that forced UBS to disclose thousands of account holders suspected of cheating on U.S. taxes.
Claude-Alain Margelisch also told the Foreign Press Association in Switzerland that "it was a very great priority" for bankers to gain the Swiss government's approval to put the case in the past.
He said it seems "everybody has done its work in this context" so the Swiss can move beyond a landmark case that saw centuries-old Swiss banking secrecy laws cracked.
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