Swiss Banks | featured news

The government says it expects to turn a profit of more than $900 million after helping to rescue the troubled bank.

U.S. regulators will receive the names as part of an investigation of Americans avoiding taxes through the use of offshore accounts.

U.S. authorities are criminally investigating more than 150 Americans suspected of having concealed income and assets at Swiss bank UBS, in violation of U.S. tax laws, according to a filing on Tuesday in a federal court.

Negotiators initial settlement that averts legal showdown over U.S. government's landmark challenge to Swiss bank secrecy, lawyer says.

Reuters - Switzerland's UBS will not have to pay a fine as part of the settlement of a tax evasion dispute with the United States, two Swiss newspapers reported on Sunday.

U.S. has been seeking data on depositors suspected of using UBS bank accounts to hide cash from IRS.

The U.S. and Swiss governments and banking giant UBS AG indicated Sunday they were seeking a settlement and asked a federal judge ...

UBS AG Chief Executive Oswald Gruebel sent a memorandum to the bank's top executives on Thursday saying the bank could not comply with a U.S. government request to disclose the identity of 52,000 secret account holders, a source familiar with the situation told Reuters.

The government said it would seize the bank’s client data, which U.S. authorities have demanded to settle a tax case.

Swiss bank UBS AG "systematically and deliberately" violated U.S. law by dispatching private bankers to recruit wealthy Americans interested in evading taxes and must be forced to reveal the identities of 52,000 of those clients, the Justice Department said in a court filing Tuesday.