FILE - In this March 12, 2008 file photo, dark clouds hang above the Logo of the UBS (Union Bank of Switzerland) in Zurich, Switzerland. Embattled UBS AG has warned that Switzerland's financial industry is at risk unless lawmakers approve a tax ...
Swiss bank UBS is pressing Swiss lawmakers to endorse a deal settling tax evasion litigation with the United States, warning that 20 other Swiss banks could be targeted if it fell through. In a document seen by AFP on Friday, UBS told ...
UBS says 20 Swiss banks risk US tax scrutiny unless lawmakers approve new bilateral deal Embattled UBS AG has warned that Switzerland's financial industry is at risk unless lawmakers approve a tax treaty with the U.S., and that other Swiss banks may ...
ZURICH (Reuters) - Switzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy. The Swiss government ...
WASHINGTON (Reuters) - The United States boosted its investigation of tax and other financial crimes by about 10 percent last year, tax authorities reported on Thursday, amid an increased push to pursue wealthy tax cheats. The Internal Revenue Service said it started ...
UBS, seeing buying opportunity, upgrades shares of Coca-Cola UBS Investment Research on Thursday upgraded its rating on Coca-Cola, saying a buying opportunity exists as the company acts more aggressively in the marketplace. Coca-Cola Co.'s management is "more willing, nimble and aggressive" than ...
LUXEMBOURG/ZURICH (Reuters) -A court ruling on Thursday is likely to mean UBS avoids direct compensation claims from investors who lost money to fraudster Bernard Madoff in a fund the Swiss bank had set up, and may save HSBC from similar suits. The ...
Swiss banking giants Credit Suisse and UBS are looking at relocating some of their bankers out of London after Britain moved to hike taxes on top earners, Swiss newspaper NZZ am Sonntag reported Sunday. Citing unnamed sources, the newspaper claimed that Credit ...
Switzerland will have to spend more than 37 million francs (34.3 million dollars, 25.3 million euros) to deal with a tax fraud case in the United States involving banking giant UBS, the finance ministry said Wednesday. In a state-brokered settlement in August ...
ZURICH (Reuters) - Switzerland will ask parliament to turn a deal with Washington that got bank UBS off the hook in a tax evasion case into binding law, plugging a legal hole that is stopping Berne from honoring the agreement. To settle ...
