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UBS – so, so wrong
August 25th, 2009
Reuters has reported Swiss press coverage of UBS comments this weekend, It’s amazing stuff. A selection of the quotes are:

"The clients are not just harmless victims. They knew what they wanted to evade," Kaspar Villiger, chairman of the world’s second-largest wealth manager, said in an interview with SonntagsBlick.

"But they trusted the bank that it would work. Now we have to correct that," said Villiger, adding it was still not the responsibility of UBS to make sure clients paid their taxes.

Wrong guys. It is your job to detect money laundering through your...
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Black money: India to begin talks with Switzerland
August 25th, 2009
New Delhi (PTI) -- In the midst of a row over tainted money stashed in banks in Switzerland, the government today said it will begin talks with that country in December for amending the relevant treaty and it was not interested in a "roving inquiry".
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