The Department of Justice dismisses criminal charges against UBS which had been accused of aiding U.S. account holders evade as much as $20 billion of combined taxes.

United States DOJ and IRS investigate undisclosed offshore accounts at HSBC.

German authorities raid Credit Suisse branches, on July 14, 2010, in an effort to target and investigate staff suspected of advising clients on how to evade taxes.

Swiss tax authorities are working to gather the information required by the U.S. – UBS deal for delivery to the IRS before the August deadline.

The Swiss Parliament has resolved its split over the UBS account information disclosure issue.