UBS clients in the US in a state of panic...

UBS customers in the United States are coming forward to declare their secret bank accounts amid fear of serious financial and legal repercussions.

Some US lawyers say calls to their offices have shot up since the Swiss banking giant announced last Wednesday that it would hand over confidential details of some 250 clients the American tax authorities suspect of tax evasion.

"People are looking for the ability to sleep at night," Robert McKenzie, a Chicago attorney, told swissinfo. More...

See also:

1. Swiss warning on US move over UBS clients...
2. UBS move shakes foundations of Swiss bank secrecy...
3. Snipes: three years for not filing tax returns...
4. Croc Dundee to tax authorities: 'Come and get me'