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05/31/2008

UBS Said to Discourage Private Bankers From U.S. Visits

According to the Financialm Times, UBS has told members of its former private banking team responsible for rich US clients not to travel to America.

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06:40 Posted in Switzerland | Permalink | Comments (0)

Ex-UBS banker to admit tax evasion charges

A former UBS private banker charged with helping a US client evade millions of dollars in taxes is set to plead guilty at a court hearing next month

Business Times

IHT

06:35 Posted in Switzerland | Permalink | Comments (0)

05/25/2008

Europe, US Battle Swiss Bank Secrecy

A Beat Balzli and Frank Hornig from the Spiegel wrote, after fighting Switzerland's banking secrecy laws for decades, European finance ministers are about to receive support from the United States. Investigations into major Swiss bank UBS and a proposed law against tax havens are ratcheting up pressure against the system.

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07:30 Posted in Switzerland | Permalink | Comments (0)