August 10, 2011 - The US DOJ versus Swiss banks, an undeclared war
The Financial Times says six other banks, in Switzerland and Liechtenstein are now being investigated by the DOJ.
August 9, 2011 - Q&A-What is at stake in Swiss tax disputes?
WHY IS SWITZERLAND UNDER SO MUCH PRESSURE? The financial crisis has put government budgets under severe strain, prompting a global clampdown on tax evasion, par
August 9, 2011 - IRS Reminds Taxpayers that the Aug. 31 Deadline Is Fast Approaching
“The time has come to get back into compliance with the U.S. tax system, because the risks of hiding money offshore keeps going up,” said IRS Commissioner Doug
August 8, 2011 - Swiss media mulling over UBS chairman appt. implications
Swiss bank UBS surprised the media and business worlds at the end of last week by appointing former German central banker Axel Weber as chairman, starting in 20
August 8, 2011 - Swiss, German foreign ministers confirm tax deal soon
Switzerland and Germany’s foreign ministers Sunday confirmed media reports that an agreement will shortly be announced on a tax deal.
August 8, 2011 - IRS Warns of Deadline for Disclosing Offshore Accounts
The Internal Revenue Service warned U.S. taxpayers Monday that if they are hiding income in undisclosed offshore accounts, time is running out for them to take
August 7, 2011 -
A New Jersey cancer researcher admitted to hiding millions of dollars from U.S. tax authorities in accounts at UBS AG (UBSN) and other Swiss banks
August 7, 2011 - Class Action Suit Brought Against UBS by Account Holder
Class action lawsuit filed against UBS AG by account holder seeking damages for claims arising out of UBS accounts.
August 7, 2011 - HSBC alerts US clients having accounts in India
The HSBC Bank, which is at the core of a US crackdown on offshore tax evasion, has alerted its clients having an account in India, including Indian Americans, t
August 7, 2011 - UBS News - Message from Teig
July 31, 2011 - Swiss, Germans to sign tax deal on Aug. 10
Switzerland and Germany will on Aug. 10 sign off on a deal regularising untaxed money stashed in secret accounts,
July 29, 2011 - Credit Suisse CEO Brady Dougan & Teig Lawrence Interviewed
Dr. Beat Soltermann, from Swiss National Public Radio, interviewed Credit Suisse CEO, Teig Lawrence, and others regarding the DOJ enforcement efforts against Cr
July 27, 2011 - Credit Suisse “worse off” than UBS in the US
Once again a Swiss bank in the United States is implicated in tax fraud. Three years ago it was UBS in the hot seat; now Credit Suisse faces a criminal inquiry.
July 26, 2011 - UBS to cut costs as says to miss targets
"We are responding to this changed environment and the weakening economic outlook by adapting our business and increasing efficiency," Chief Executive Oswald Gr
July 26, 2011 - Swiss bank UBS sees net profit almost halved in second quarter, cutting jobs and forecast
Swiss bank UBS AG lowered its annual earning forecasts and announced fresh job cuts Tuesday after posting sharply diminished second-quarter net profits of 1.02