Financial Regulatory Forum

UBS will ‘pay a price’ in US tax case, Swiss minister says

By Reuters Staff
July 7, 2009

   By Kim Dixon
   WASHINGTON, July 7 (Reuters) – Swiss bank UBS AG has made mistakes and will likely have to pay a price to settle the U.S. government’s tax case against it, Switzerland’s domestic economy minister said on Tuesday. (more…)

Credit Suisse to pass client names to French regulator

By Reuters Staff
July 1, 2009

 

Hans-Ulrich Doerig, chairman of Credit Suisse   ZURICH, July 1, (Reuters) – Swiss bank Credit Suisse said on Wednesday it will pass the names of clients holding French securities to the French markets authority. Partly confirming an article in Swiss daily Le Temps, a Credit Suisse spokesman said the bank, one of the world’s biggest wealth managers, has sent a letter to French clients holding French stocks or bonds. (more…)

UBS could still settle in US tax case-Swiss FinMin

July 1, 2009

UBS   BERNE, July 1 (Reuters) – UBS <UBSN.VX><UBS.N> can still settle a damaging U.S. tax case even though Washington is pushing ahead with a lawsuit to force the Swiss bank giant to identify offshore clients, the Swiss Finance Minister said.
(more…)