BERN - Swiss authorities said Tuesday they had informed more than 500 UBS clients suspected of having evaded taxes in the United States whether their data would be transmitted to US tax authorities. Within the scope of a request for a administrati
GENEVA - Swiss bank UBS might have to disclose only a very small number of US account holders compared to those envisaged in a settlement for a tax evasion case, the US ambassador to Switzerland has said. Ambassador Donald Beyer said late Friday
A near-record fine imposed on UBS, the Swiss financial group, by Britain’s financial watchdog is part of an unfolding investigation into the past management of Indian private banking accounts, including two linked to the tycoon Anil Ambani, the Fina
ZURICH - Swiss bank UBS, fined by British authorities for allowing unauthorised transactions to be carried out on customer accounts, said Friday it had taken full remedial steps to address the problem. UBS deeply regrets this incident and, havin
UBS has been fined £8m by the UK financial watchdog for failing to stop employees from making unauthorised trades that cost customers almost £26m ($42.4m) over a two-year period.The fine, the third-largest levied by the Financial Services Authority,
ZURICH - Swiss banking giant UBS on Tuesday plunged into further losses during the third quarter as clients spooked by tax scrutiny withdrew billions of dollars of funds and assets from the bank. The bank said in a statement that its net loss for t
By Lisa JuccaZURICH, Nov 3 - Swiss bank UBS said it did not expect an immediate recovery of client inflows after a higher-than-expected accounting charge and withdrawals at all its key divisions pushed it into another quarterly loss.
ZURICH - Swiss banking giant UBS plunged into further losses of 564 million francs for the third quarter, but said it expected its situation to improve in coming months. Having stabilized the bank?s financial condition and resized the business, U
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