Rumor Heard: Sweeping Settlement with Swiss Banks
Author: Jacob Stein • Tags: asset protection, swiss banks • Posted on: Oct 24, 2011

There is a rumor going round that the Swiss banks may enter into a sweeping settlement with the U.S. government to settle civil claims.  The banks will hand over names of thousands of U.S. clients and pay billions of dollars.  The settlement will not cover criminal charges pending against several Swiss and Israeli banks.

Read the full Bloomberg article here: http://www.bloomberg.com/news/2011-10-24/swiss-banks-said-ready-to-pay-billions-disclose-customer-names.html

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RobbReport.com speaks with asset protection specialist Jacob Stein of Klueger & Stein, LLP in Los Angeles about the importance of protecting valuable assets, such as your private residence, rental real estate, investments and retirement plans.