Financial Regulatory Forum

UBS buoyed by reports of tax deal with U.S.

By Katie Reid and Lisa Jucca
ZURICH, Aug 3 (Reuters) – Shares in UBS soared on Monday after reports said the Swiss bank would not pay a fine and would pass on fewer client names than expected in a settlement of U.S. tax litigation to be finalised later this week. (more…)

U.S. and UBS reach breakthrough deal in tax dispute

USA/ MIAMI, July 31 (Reuters) – The United States and Swiss bank UBS AG have struck a deal to settle their dispute over tax evasion and bank secrecy, backing off from an escalating standoff that had threatened to damage ties between the two countries.
(more…)

Swiss authorities investigate bribery accusation in UBS tax case

By Oliver Hirt and Sven Egenter
ZURICH, July 29 (Reuters) – Swiss prosecutors said on Wednesday they are investigating allegations that an unnamed high-ranking Swiss official took a bribe from a U.S. client of UBS to help cover up tax fraud.

(more…)

UBS client case implicates Swiss bankers, official

UBSBy Tom Brown
MIAMI, July 28 (Reuters) – An American client of UBS AG pleaded guilty on Tuesday to using Swiss bank accounts to hide more than $8 million from U.S. tax authorities and said a Swiss government official received $45,000 to help cover up the fraud.

(more…)

Swiss, U.S. seen needing time to finish UBS tax deal

UBS executive Mark Branson ZURICH, July 24 (Reuters) – Talks between Switzerland and the United States to end a tax row targeting UBS could stretch beyond an Aug. 3 deadline to allow more time for a detailed settlement, a source familiar with the situation said on Friday. (more…)

UBS data transfer to U.S. possible – Swiss judge

UBS attorneys By Lisa Jucca, European Wealth Management Correspondent

ZURICH, July 14 (Reuters) – Swiss bank UBS  could transfer client data to the United States and end a damaging tax litigation without breaching Swiss bank secrecy laws, a top Swiss judge told Reuters on Tuesday. (more…)

Judge asks if US govt would shut UBS in tax fight

By Lisa Jucca and Tom Brown

ZURICH/MIAMI, July 8 (Reuters) – A judge ordered the U.S. government to say whether it was prepared to shut Swiss bank UBS AG in the United States as part of a battle to learn the identity of 52,000 secret accounts suspected of being used by Americans to avoid taxes. (more…)

  •