Financial Transparency Coalition

Washington (FT) - Doris Leuthard, the Swiss economy minister, called for a swift resolution of the UBS legal case brought by US tax authorities on Wednesday at the start of a trip to Washington.

Miami Herald - The state's role in the operation of accused swindler Allen Stanford stinks. As reported in a detailed story in this newspaper on Sunday, Florida regulators allowed Mr. Stanford to set up a dubious, one-of-a-kind office to handle vast investments, but never bothered to find out what he was doing with the money or whether he was playing by the rules.

WASHINGTON — A former executive of Bennett Environmental Inc. (BEI), a Canadian-based company that treats and disposes of contaminated soil, pleaded guilty to participating in a conspiracy to pay kickbacks and commit fraud at the U.S. Environmental Protection Agency (EPA)-designated Superfund site, Federal Creosote, located in Manville, N.J. The former executive also pleaded guilty to participating in a money laundering conspiracy and impeding a proceeding before the U.S. Securities and Exchange Commission (SEC), the Department of Justice announced today.

NEW YORK/ZURICH, July 6 (Reuters) - UBS said it is still committed to its U.S. brokerage business, after the Financial Times on Sunday reported the chief executive now favoured a management shake up instead of a sale.