July 13th, 2009
The US DOJ's case against swiss banking giant UBS was
delayed yesterday when all three parties - UBS, the US, and Switzerland - asked the Federal District Court in Miami to postpone the trial date until August 3rd so that the US and UBS could continue working out a settlement. The two sides are scheduled to update the judge on their progress on July 29th. From the
Financial Times:
Prospects for a settlement between the sides improved after the US Department of Justice, UBS and the Swiss government asked for a three-week...
July 12th, 2009
The Swiss bank UBS and United States federal prosecutors sought Sunday to delay a hearing scheduled for Monday so the two sides could try to settle their closely watched dispute over the release of names of wealthy American clients of the bank who are suspected of offshore tax evasion.
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July 9th, 2009
ZURICH (Reuters) - Investors bet on Thursday the United States would not go as far as shutting down UBS AG (UBSN.VX) there in a tax dispute, instead expecting the Swiss bank to be hit by a hefty fine as part of a swift out-of-court settlement.
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July 8th, 2009
Washington Post - A new treaty touted as helping U.S. law enforcement crack Swiss bank secrecy may do little to help authorities achieve a prime objective: exposing tax evaders.
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