September 25th, 2009
The New York Times is reporting that another US private banking client (Juergen Homann) of UBS has pleaded guilty in a tax evasion case. According to the
NY Times:
In court filings, federal prosecutors accused Mr. Homann of deliberately failing to submit a form known as an F-bar in 2007 disclosing his UBS accounts and of using a foundation in Liechtenstein, a noted tax haven, to conceal the trail. The filings said that Mr. Homann concealed $5 million from United States tax authorities by shifting that amount from his UBS account to a sham...
September 25th, 2009
New York Times -- A wealthy UBS private banking client who owns a building material company in New Jersey pleaded guilty on Friday to tax evasion, the fourth American caught in a widening investigation into the giant Swiss bank over its offshore services.
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September 17th, 2009
Bloomberg -- Swiss banks proposed a withholding tax for foreign clients as they bid to fend off attacks on banking secrecy by the U.S., Germany and France.
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September 8th, 2009
ZURICH (Dow Jones)--UBS AG's (UBS) organizational and operational restructuring is on track, but the Swiss bank's efforts to renew client trust will require long and hard work, Chief Executive Oswald Gruebel warned.
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