U.S., UBS in Talks to Settle Case on 52,000 Accounts (Update1) - Bloomberg.com UBS AG, the largest Swiss bank by assets, is in talks with the U.S. government to settle a lawsuit seeking the names of 52,000 American account holders suspected of using Swiss secrecy laws to evade taxes. The bank agreed with the U.S. and Swiss governments to seek a settlement and postpone an evidentiary hearing today in a Miami courtroom, according to a court filing. The U.S. sued UBS on Feb. 19, a day after the bank agreed to pay $780 million to defer prosecution for helping wealthy Americans evade taxes. IRS "Turning Over Every Rock" to Raise Revenue Obama Targeting Overseas Assets: Tech Ticker, Yahoo! Finance Repatriation: The Obama administration has discussed raising taxes on profits earned overseas by U.S.-based corporations. Flexing Muscles: The U.S. government will ask all nations to sign a "tax information exchange agreement," says Rubinstein, citing unnamed foreign government officials. He declined to specify but the attorney has advised Caribbean banking centers in the past. Smaller nations will have no choice but to acquiesce, Rubinstein says. Crackdown on Havens: Beyond the government's ongoing case against UBS, pending legislation declares "anybody who sends money to a ‘tax haven country' will be presumed to be committing tax fraud," Rubinstein says.