The United States and Switzerland have reached agreement on bank secrecy issues in matters in which U.S. citizens are thought to be hiding funds to avoid taxes. There's been an agreement in principle, said U.S.

A U.S. government lawyer said the Justice Department and Switzerland agreed to settle a ground-breaking tax case against UBS bank out of court. The case involves the U.S. government's demand for the bank to release the names of 52,000 U.S.