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Switzerland Rejects US Demand To Hand Over Client Data

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Switzerland rejects U.S. demands that the country's largest bank UBS should hand over the data of 52,000 U.S. clients, Swiss newspaper Berner Zeitung quoted the Swiss justice minister as saying on Saturday.

The group of experts the government appointed to assess how the country should proceed with its bank secrecy rules amid mounting international pressure, would not decide on the issue of UBS data, justice minister Eveline Widmer-Schlumpf said according to an interview published on the paper's website.

Read the whole story at Reuters