WASHINGTON (Dow Jones)--Swiss government officials, including the Swiss federal banking commissioner Urs Zulauf, are scheduled to take the stand next week at an evidentiary hearing in the high-profile case involving the U.S. and Swiss governments and UBS AG (UBS).
LONDON -- A senior Swiss official accepting a $45,000 bribe? The U.S. citizen who made the allegation as he pleaded guilty to hiding money from the U.S. government might just has well have insulted all Swiss grannies.
NEW DELHI: Finance minister Pranab Mukherjee said in Rajya Sabha on Wednesday that the government, as promised before the general elections, was working on getting back black money stashed away abroad.
Bloomberg is reporting that UBS ignored a suggestion to sell its US wealth management division last year. According to Bloomberg, the former head of the wealth management division wrote to the UBS management suggesting that they sell that division last year, and he never heard back. I'm sure they're regretting that decision now.
