Boustany Presses Geithner to Block IRS Bank Reporting Rule

Boustany Presses Geithner to Block IRS Bank Reporting Rule

Ariel Jerozolimski/Bloomberg

Some banks in the U.S., including the $1.1 billion-asset BAC Florida Bank in Coral Gables, have said they are concerned that overseas customers would pull deposits if their identities were reported to their home governments.