How secret Swiss bank accounts actually work

Secret Swiss bank accounts are infamous in the public eye, largely thanks to James Bond movies, and for getting a number of the world's biggest lenders into hot water. UBS finally confirmed that it is under investigation by the US authorities, again, for helping rich Americans to evade taxes. It already stumped up £512 million in 2009 to settle a tax evasion probe. Meanwhile, HSBC is suffering from a serious financial data dump by whistleblower Herve Falciani, which resulted in the leakage of t...