The Swiss government held a special session to discuss the
U.S. tax evasion case hanging over Swiss bank UBS as negotiations to
settle the issue dragged on.
The Swiss government, currently in recess, is holding an
extraordinary meeting.
Switzerland and the United States failed to agree on a
settlement that would spare UBS a tax trial, and talks will continue
until August 12, when a new status conference with U.S. Judge Alan Gold
is scheduled.
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