July 29th, 2009
ZURICH (Reuters) - Swiss prosecutors are investigating allegations that an unamed Swiss official took a bribe from a U.S. client of UBS, they said on Wednesday.
Continue Reading
July 28th, 2009
Bloomberg: Grano says UBS ignored the suggestion of selling its wealth management division.
Continue Reading
July 28th, 2009
WASHINGTON - Jeffrey P. Chernick, of Stanfordville, N.Y., pleaded guilty today to charges of filing a false tax return, the Justice Department and Internal Revenue Service (IRS) announced. Chernick, who owns a corporation which represents toy manufacturers in China and Hong Kong, appeared today before Judge James I. Cohn in Ft. Lauderdale, Fla., and accepted responsibility for concealing more than $8 million in Swiss bank accounts.
Continue Reading
July 28th, 2009
ZURICH (Reuters) - Alan Gold, the U.S. judge presiding over an tax trial against Switzerland's UBS, will hold a status call at 1245 GMT on July 29 in which the Justice Department and the Swiss bank are due to advise him about progress towards a settlement of the damaging tax dispute.
Continue Reading