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New IRS Rule Won't Spark Exodus From US Banks, Attys Say

By Evan Weinberger (April 20, 2012, 7:08 PM EDT) -- A new U.S. Treasury Department rule finalized this week requiring U.S. banks to report the identities of their foreign account holders could cause American financial institutions to lose vital customers, but attorneys say the rule is not likely to result in the exodus of foreign depositors the industry had feared....

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