Financial Regulatory Forum

SPECIAL REPORT – How the U.S. cracked open secret vaults at UBS

By Reuters Staff
April 9, 2010

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By Lisa Jucca

ZURICH, April 9 (Reuters)- After the collapse of Lehman Brothers in September 2008, Switzerland’s largest bank was teetering. UBS, which was more than three times bigger than Lehman in terms of assets, had to write down some $50 billion during that tumultuous period.

Swiss say to be removed from tax haven list

September 25, 2009

Swiss President and Finance Minister Hans-Rudolf Merz speaks to members of the National Council during the autumn parliament session in Bern September 22, 2009. REUTERS/Pascal Lauener (SWITZERLAND POLITICS) By Lisa Jucca and Sven Egenter
ZURICH, Sept 24 (Reuters) – Switzerland expects to be taken off the OECD’s list of tax havens after the country signed the required 12th tax deal on Thursday.

Switzerland nears removal from tax haven “gray list”

By Reuters Staff
July 15, 2009

ZURICH, July 15 (Reuters) – Switzerland said on Wednesday it had agreed a new tax treaty with Austria, bringing the total of tax deals to 11 and leaving it only one step away from being removed from an OECD list of tax havens. (more…)

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…)