Holder Says U.S. to ‘Consider Options' if Swiss Politics Delay UBS Deal

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The United States expects Swiss bank UBS AG to comply with its 2009 agreement to hand over data on U.S. citizens' secret accounts to U.S. authorities, and it will “consider its options” if the bank is unable to meet the Aug. 24 deadline due to possible political obstacles, U.S. Attorney General Holder says. Holder makes his comments at the Paris headquarters of the OECD following a speech on U.S. and international efforts to fight corruption. A parliamentary committee in Switzerland slams the Swiss government over its handling of negotiations with the United States in the latter's efforts to seek information on secret bank accounts held by U.S. taxpayers with Swiss banking giant UBS.