US Authorities have informed a federal judge presiding over the UBS tax evasion case that they haven’t yet reached a deal with the Swiss government over how many of the secret offshore bank accounts held at the bank by wealthy US citizens should be revealed.

The judge postponed a hearing earlier this month to allow time for an out-of-court settlement.

The US government is looking for up to 52′000 names, but has managed to retrieve only 250 so far from UBS. The Swiss government has so far blocked US attempts to get hold of more client records, arguing that it would be illegal under Swiss bank secrecy laws.

An estimated U$S14.8bn in secret offshore money is at stake.

Failing an agreement between the two sides, the federal court will resume the case on Monday August 3rd.

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