UBS tax deal may pave way for bank’s recovery
August 18th, 2009
Reuters
ZURICH – Details of a landmark settlement of the U.S. tax case against Swiss bank UBS are expected this week, which should help the bank restore its image and open the way for the Swiss state to sell its UBS stake.
The deal could be announced as soon as Wednesday after the first regular meeting of the Swiss cabinet following the summer recess, industry insiders said.
Continue reading at Reuters.com…