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…)

US says has far less than 52,000 UBS account names

July 7, 2009

UBS    WASHINGTON, July 6 (Reuters) – U.S. tax authorities have discovered far fewer than the 52,000 accounts with Swiss bank UBS AG suspected of being used by Americans to avoid taxes, the U.S. government said in a court filing on Monday.

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.