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Weekly Roundup: Swiss Institutions Still Weighing U.S. Tax Deal, China Bans Bank Bitcoin Trades, and More
printHundreds of Swiss bank boards are weighing whether to concede to U.S. demands that their institutions share data on American clients, Reuters reported. The financial institutions have delayed saying if they'll participate in a U.S. tax data-sharing agreement despite urgings by Swiss financial regulators to cooperate. More Myanmar will allow foreign banks to expand their financial services next year, according to a senior central bank official cited by Reuters. The Southeast Asian government has prohibited the 34 international banks with representative offices in the country from opening branches, despite the easing of some economic sanctions. More Under new disclosure requirements,...
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