October 16, 2014 - Swiss bank UBS opens sub-branch in Beijing
Switzerland's largest bank UBS AG opened a ground-floor sub-branch in Beijing on Wednesday, the first of its kind in the Asia-Pacific region, in a latest move t
October 13, 2014 - Draft Joint Statement between DOJ and Swiss Federal Department of Finance
Draft statement requires total cooperation.
October 13, 2014 - Former UBS high-flier set for US tax fraud trial
A former top-level UBS banker will stand trial in the United States this week accused of helping rich Americans evade millions of dollars in taxes.
October 14, 2014 - Draft U.S. deal for Swiss banks in tax row seeks 'total cooperation': paper
The U.S. Department of Justice (DOJ) is seeking "total cooperation" from Swiss banks in a draft agreement aimed at allowing the banks to make amends for aiding
October 13, 2014 - 100 Swiss Banks Get Ultimatum: Hand Over Americans Or Face U.S. Prosecution
The U.S. seeks ‘total cooperation’, and that truly means total. Any American names, details, and more. The Justice Department intends to get it all.
October 13, 2014 - Sweeping U.S. tax crackdown inflicts heavy collateral damage
U.S. tax authorities are taking the unusual step of warning foreign financial institutions that fraud artists posing as IRS agents are trying to steal account i
October 7, 2014 - Guilty: Atlanta account hid money in Swiss bank account
Atlanta forensic accountant and certified fraud examiner pleaded guilty Friday to hiding money in a secret Swiss bank account.
October 7, 2014 - UBS to overhaul legal structure
Swiss banking giant UBS said it plans to overhaul its legal structure as it adapts to rules on institutions considered "too big to fail". The bank said in a sta
October 6, 2014 - UBS Drops on Report of Potential $6.2 Billion Fine in France
“The base for any calculations in this matter are completely artificial, speculative and not based on facts” UBS said in an e-mailed statement. “This matter is
September 26, 2014 - UBS Clients Lead Canada Surge in Admitting Hidden Income
Almost 6,000 taxpayers came forward in the past 12 months as part of the Canada Revenue Agency’s voluntary disclosure program to report hidden assets, up from 1
September 26, 2014 - UBS Closed Secret Big Accounts, Class Claims
Swiss banking giant UBS converted billions of dollars for its own profit by improperly closing accounts of secret account-holders and refusing to provide record
September 26, 2014 - Bank Fines Not Tax Deductible, Cabinet Decides
Criminal fines imposed on corporations should not be tax deductible, but tax rebates could be claimed on illegally gained profits that a court has ordered a com
September 26, 2014 - Suit Says UBS Closed Secret Bank Accounts, Kept Funds
The trust of a deceased Indonesian vice president hit UBS AG with a proposed class action in California federal court on Friday accusing the financial services
September 12, 2014 - Barclays, Credit Suisse May Need Capital for Fines, Report Says
“Litigation fears have come to cast a long shadow” over the banking industry, Berenberg said. “For those lacking suitable buffers, these potential fines will ha
September 11, 2014 - Swiss Banks Pitch Neutrality to Lure Wealthy U.S. Clients
But Swiss banks now have a different pitch for wealthy U.S. clients: keep your money stashed in a neutral country, sheltered from political turmoil or violent c