Swiss banks have been revered, loved, and hated for their tightly-held secrets, but Swiss bank UBS has agreed to a legal settlement with the United States government after it was revealed that the bank was operating as a willing shelter for tax evaders. The bank is set to give U.S. tax regulators access to hundreds of bank accounts and will also pay close to $780 million in fees. For more on the story we turn to BBC business correspondent Mark Gregory.
WNYC 93.9 FM and AM 820 are New York's flagship public radio
stations, broadcasting the finest programs from NPR, PRI and American Public Media, as well as a wide range of award-winning local
programming. WNYC is a division of
New York Public Radio.