November 13, 2013 - Bank Records Sought in Offshore Tax Inquiry
Judge Richard M. Berman of the United States District Court in Manhattan told the banks — Citigroup, Bank of New York Mellon, JPMorgan Chase, HSBC and Bank of A
November 13, 2013 - IRS Issues John Doe Summonses To Citibank, Chase, BoA, Mellon, HSBC
the court went further, allowing the IRS to issue John Doe Summonses to Mellon, Citibank, JPMorgan Chase, HSBC and Bank of America to produce data on undisclose
November 13, 2013 - Court Authorizes IRS to Issue Summonses for Records Relating to U.S. Taxpayers with Offshore Bank Account
Southern District of New York... authorizing the IRS to issue summonses requiring Bank of New York Mellon (Mellon) and Citibank NA (Citibank) to produce inform
November 12, 2013 - Swiss prosecutors probe former UBS banker turned U.S. informant
Switzerland's prosecutor said it is investigating former UBS banker Renzo Gadola, who received a light sentencing in the U.S. two years ago in return for becomi
November 7, 2013 - Swiss financial services company opens Philly wealth management site
UBS, the Swiss global financial services company, said Wednesday that it has opened a new private wealth management office dedicated to serving the firm’s ultra
November 4, 2013 - UBS AG (US listing) (NYSE:UBS) Whistle-Blower Settles Lawsuit With The Former Lawyers
settled legal disputes with a law firm that claimed it was owed thirteen million dollars of his hundred and four million dollars whistleblower award.
November 4, 2013 - Higher Swiss Leverage Ratio Could Mean End of Universal Bank (1)
Swiss Finance Minister Eveline Widmer-Schlumpf said lenders including UBS AG (UBSN) and Credit Suisse Group AG (CSGN) may have to pull out of investment banking
November 4, 2013 - UBS to Establish New Swiss Too-Big-to-Fail Banking Subsidiary Read Latest Breaking News from Newsmax.com
Switzerland introduced some of the world’s strictest capital and liquidity rules in 2011, forcing UBS and Credit Suisse Group AG to hold capital equal to as muc
November 4, 2013 - WSJ: More U.S. Taxpayers Admit to Secret Swiss Accounts
[T]he cause of the rush is pressure from Swiss banks themselves. The banks are warning current and former U.S. clients that their names and account information
November 1, 2013 - Swiss bank bailout turned poison into profit
Far from losing money on the $31.8 billion (CHF29 billion) rescue act, the government has already made more than a billion dollars and the Swiss National Bank (
November 1, 2013 - Offshore Tax Scorecard: UBS, Credit Suisse, HSBC, Julius Baer
Below is a summary of U.S. federal court cases:
October 29, 2013 - Ex-Credit Suisse chairman calls Dougan's 90 million Swiss francs payout a 'mistake'
Credit Suisse made a "mistake" by paying Chief Executive Brady Dougan nearly 90 million Swiss francs ($100.51 million) in 2010 under two different payout plans,
October 28, 2013 - IRS may use taxpayer information for FBAR purposes
A district court has found that the Internal Revenue Code authorizes IRS to use taxpayer information to conduct a Foreign Bank Account Report (FBAR) investigati
October 24, 2013 - Ex-UBS Banker Lack Surrenders to U.S. in 2011 Tax Case (1)
A former UBS AG (UBSN) banker surrendered to U.S. authorities to face a 2011 indictment that he conspired to help wealthy Americans evade taxes by hiding accoun
October 23, 2013 - Beware Global IRS Reach -- And Very Long Memory
Does the IRS forgive or forget? Rarely, and when it comes to offshore accounts, even more seldom. The IRS quest for offshore accounts—some call it a Jihad—is ha