Bill Clinton got a big payday after Hillary intervened in a diplomatic dispute with a Swiss banking giant

Soon after becoming secretary of state, Hillary Clinton in 2009 cut a deal with Swiss authorities that resolved an Internal Revenue Service inquiry into the Swiss bank UBS about secret accounts held by American citizens. Afterward, the bank dramatically upped its donations to the Clinton Foundation, the philanthropic organization founded by Bill Clinton, and paid Bill Clinton $1.5 million for a series of Q&A sessions, according to an investigative report in The Wall Street Journal.

The deal resulted in UBS handing over information related to 4,500 accounts, well below the 52,000 that the IRS had originally sought. The Journal describes Hillary Clinton's involvement in brokering the deal as "an unusual intervention by a top U.S. diplomat." UBS's response also raised eyebrows:

There is no evidence that Hillary Clinton got involved in the matter for the benefit of her husband or his foundation. Indeed, it appears the deal was part of a diplomatic give-and-take involving other U.S. interests. UBS denied a link between the settlement and the donations.

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But the story does highlight the serious conflicts of interest posed by her husband's post-presidential activities, which are sure to be examined in even greater depth as the campaign goes on. It is an ongoing saga that is, to say the least, not a good look for Hillary Clinton's campaign.