Best of the web: Swiss bank 'to close US customer accounts'

According to reports in the Swiss media, Credit Suisse has between 2,500 and 5,000 US clients with Sfr3bn (£1.78bn) in accounts undeclared to the Internal Revenue Service, reports The Guardian. A Sunday paper, Sonntagszeitung, reported that customers are being given a choice of moving their money to a subsidiary, CS Private Advisers, which would declare financial details to the US authorities. Alternatively, they will be sent a cheque for the balance of their funds. Full story… Richard Brunstrom, the controversial police chief, has applied to become the Commissioner of the Cayman Island...