IRS issues summonses to five US Banks for account holders suspected of tax evasion.

Patricia Lynn Hough, of Englewood, Fla., was convicted today by a jury in Fort Myers, Fla., of conspiring to defraud the Internal Revenue Service.

Bank Frey is the latest Swiss bank to close its doors and leave many U.S. clients with disclosed and undisclosed offshore bank accounts.

U.S. and Swiss Reach Deal to End Bank Secrecy!

Banks in Singapore scrutinizing their account holders!