Swiss Banks Name Names to U.S. in Bid for Leniency

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Aug. 16 (Bloomberg) -- Bloomberg's Deirdre Bolton reports that Swiss banks are turning over thousands of employee names to U.S. authorities as they seek leniency for their alleged role in helping American clients evade taxes with at least five banks supplying e-mails and telephone records containing as many as 10,000 names to the U.S. Department of Justice. She speaks on Bloomberg Television's "In The Loop."