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…)
UBS buoyed by reports of tax deal with U.S.
UBS client case implicates Swiss bankers, official
By 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.
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