The Associated Press
MIAMI (AP) - Attorneys say no settlement is imminent in the U.S. attempt to force Swiss bank UBS AG to disclose names of thousands of suspected tax dodgers.
Attorneys for the bank and the U.S. Justice Department told a federal judge in Miami on Wednesday that talks have hit a stumbling block. Both sides say they'll continue discussions, but for now a full-scale hearing on the dispute remains set to begin Monday.
The Internal Revenue Service wants the judge to order UBS to turn over names of some 52,000 wealthy Americans believed to be hiding assets and evading taxes. UBS is refusing, contending that Swiss bank secrecy laws would make it a crime.
Switzerland's foreign minister is to discuss the case later this week with Secretary of State Hillary Clinton.