Chief Financial Correspondent, Italy, Milan
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Dec 16, 2013
Dec 16, 2013
Dec 15, 2013

Swiss banker in eye of U.S. tax evasion storm to face court

MILAN/BOLOGNA (Reuters) – For years, former top Swiss banker Raoul Weil had U.S. charges for allegedly helping rich Americans avoid tax hanging over him.

Now that he is due to appear in a Florida court on Monday, his lawyer says he is looking forward to confronting them.

Nov 28, 2013
Nov 27, 2013
Nov 22, 2013
Nov 19, 2013
Nov 19, 2013

Italian banks start to offload bad loans

MILAN, Nov 19 (Reuters) – Italian banks are preparing to
sell nearly a quarter of their problem loans by 2017 thanks to a
balance sheet clean-up spearheaded by the Bank of Italy that is
tempting specialist investors back into the market.

Bad debts held by Italian banks have doubled since 2010 to
145 billion euros ($196 billion), a product of the country’s
longest recession in 60 years. But this has also exacerbated the
country’s economic plight as banks have had to set aside more
cash for bad loans rather than lend to companies and consumers.

Nov 17, 2013
Nov 17, 2013

Judge rejects house arrest bid by jailed ex-UBS banker: source

BOLOGNA, Italy (Reuters) – An ex-UBS (UBSN.VX: Quote, Profile, Research, Stock Buzz) banker charged in the United States with conspiring to help Americans dodge taxes using Swiss bank accounts must remain behind bars in Italy after a judge turned down his request for house arrest, a source with knowledge of the situation said.

Raoul Weil, a Swiss citizen who used to be UBS’s third-highest ranked executive, was arrested by Italian police on October 19 while on a private visit with his wife to Bologna, Italy, and is facing possible extradition to the United States.

    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      English, Italian, French, German, Dutch, Spanish
      2010 Reuters Star Performer Award
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