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Swiss Banks

Hong Kong Is New Target of U.S. Crackdown On Global Tax Evasion

bloomberg.com | David Voreacos, Carlyn Kolker and Alan Katz | Posted 11.12.2009 | World

Read More: Peter Zeidenberg, Bloomberg, Tax Haven, Swiss Banks, Douglas Tween, Tax Evasion, Hong Kong, Jeffrey Chernick, World News

Hong Kong is a new target of U.S. prosecutors pursuing a global campaign against evaders of federal taxes, spurred by data acquired in their crackdown...

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UBS Bank Accounts: More Than 7,500 Americans Come Forward About Secret Foreign Accounts

Anna Schecter and Brian Ross | Posted 10.14.2009 | Business

Read More: Ubs, Irs, UBS Bank Accounts, Internal Revenue Service, Swiss Banks, Swiss Bank Accounts, Tax Dodgers, Tax Cheats, Tax Havens, Business News

Faced with a Thursday midnight deadline to avoid possible prosecution, more than 7,500 Americans have come clean about secret foreign bank accounts, a...

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Dirty Money Flees Swiss Banks for Singapore

Diane Francis | Posted 09.22.2009 | World

Read More: Ubs, Swiss, Singapore, White Collar Crime, Secret-Bank-Accounts, Cayman Islands, Swiss Banks, Secret Bank Accounts, Tax Evasion, World News
Diane Francis

UBS will hand over information on the accounts of 4,450 wealthy Americans, the bank has announed. But this should be just the beginning and the next big target should be Singapore.

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UBS To Divulge 4,450 Account Names, More Expected

AP | STEPHEN OHLEMACHER | Posted 09.19.2009 | Business

Read More: Ubs, Switzerland, Irs, UBS and IRS, Finance, Swiss Banks, Swiss Bank Accounts, Banks, Tax Havens, UBS Taxes, Business News

WASHINGTON — The U.S. pulled back the veil on Switzerland's famed tradition of banking secrecy Wednesday, winning an agreement for banking giant...

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150 U.S.-Based UBS Clients To Be Charged With Tax Evasion

Reuters | Tom Brown | Posted 09.18.2009 | Business

Read More: Tax Evasion, Tax Havens, UBS AG, Swiss Banks, Business News

MIAMI (Reuters) - The United States is building criminal cases against more than 150 American clients of Swiss bank UBS as part of a crackdown on tax ...

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UBS-Swiss Bank Tax Cheats: Man Admits Hiding $1 Million Overseas

Posted 09.17.2009 | Business

Read More: Ubs, Tax Cheats, COGS Enterprises, John McCarthy, Swiss Banks, Business News

The names of American UBS AG clients who've hidden money overseas to avoid paying millions taxes has begun to trickle in. But the details of just how ...

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UBS or Just Plain BS?

Russ Baker | Posted 07.24.2009 | Business

Read More: Swiss Tax Haven, Money Laundering, Switzerland, Tax Evasion, Taxes, Family of Secrets: The Bush Dynasty, Swiss Banks, Ubs, Business News
Russ Baker

The Justice Department has just floated a trial balloon to see if it can force the Swiss Bank UBS to disclose the names of 52,000 rich Americans suspected of using the bank to evade US taxes.

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For Wealthy Tax Cheats, The Moment of Reckoning is Coming

Laurence Leamer | Posted 04.03.2009 | Business

Read More: Inveswtment Banks, Super Rich Tax Cheats, Attorney General Holder, Cheats, Madoff, Switzerland, Swiss Banks, Banks, Justice, Eric Holder, Business News
Laurence Leamer

In the Bush years, the IRS became so lax in its enforcement that cheating became routine and hidden Swiss bank accounts almost as much a status symbol as private jets.

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Rich Americans' UBS Suit To Keep Names Secret

New York Times | LYNNLEY BROWNING | Posted 03.28.2009 | Business

Read More: Swiss Banks Secrecy, UBS Secrecy, Swiss-Banks-Secrecy, Swiss Banks, UBS Lawsuit, Ubs, Switzerland, Business News

UBS was sued on Tuesday in a Swiss federal court by wealthy American clients seeking to prevent the disclosure of their identities as part of a tax-ev...

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UBS: Revealing Identities Is Illegal

Huffington Post | Julie Satow | Posted 03.26.2009 | Business

Read More: Swiss Banking Law, UBS Tax Fraud, Swiss Banks, UBS Naming Names, Ubs, Business News

Switzerland's largest bank accused the US government of ignoring Swiss sovereignty and forcing its employees to break the law. "The IRS petition does...

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UBS: American Investors' Identities To Be Revealed

Huffington Post | Julie Satow | Posted 03.22.2009 | Business

Read More: Offshore Banking, Ubs American Clients, Ubs Offshore Banking, UBS Fraud, Swiss Banks, Swiss Banking, Ubs Swiss Banking, Ubs, Ubs List, How Do You Get a List of the Tax Evaders of the Ubs Bank, Which American Investors Will Ubs Name?, Ubs Offshore Invesors From Us, Ubs America, Business News

The curtain is being peeled back on the infamous secrecy of Swiss banks. The largest bank in Switzerland, UBS, agreed Wednesday to reveal the names o...

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UBS Cuts 2,000, Return To Profit In '09

Bloomberg | Elena Logutenkova | Posted 03.13.2009 | Business

Read More: Banks, UBS Job Cuts, Investment Banks Job Losses, Swiss Banks, UBS Losses, Ubs, Business News

Feb. 10 (Bloomberg) -- UBS AG, Switzerland's largest bank, plans to eliminate an additional 2,000 jobs at its securities unit and return to profit in ...

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Super Rich Tax Cheats Outed by Bank Clerk

ABC News | Brian Ross and Rhonda Schwartz | Posted 07.23.2008 | Business

Read More: Wealthy Tax Evaders, Wealthy, Lichtenstein, Rich Tax Evaders, Swiss Banks, Secret Bank Accounts, Tax Fraud, Tax Evasion, Heinrich Keiber, Tax Cheats, Ubs, Business News

Hundreds of super-rich American tax cheats have, in effect, turned themselves in to the IRS after a bank computer technician in the tiny European coun...

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Phil Gramm: Recession Is "Mental," America Is "Nation Of Whiners" (VIDEO)

The Huffington Post | Posted 07.18.2008 | Politics

Read More: Phil Gramm Mccain, McCain Economy, Phil Gramm UBS, McCain Economic Policy, Subprime Meltdown, Swiss Banks, Phil Gramm, John McCain Phil Gramm, John McCain and Phil Gramm, McCain Recession, Gramm Recession Is Mental, Phil Graham Recession, Phill Gramm Nation of Whiners, Phil Gramm Whining, Phil Graham, Politics News

***SCROLL DOWN FOR RESPONSES FROM THE MCCAIN CAMPAIGN, THE DNC, AND OBAMA CAMPAIGN*** In an interview with the Washington Times, McCain's top economi...

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UBS Will Write Down $19 Billion

AP | ONNA CORAY | Posted 04.09.2008 | Business

Read More: German Banks, Credit Crisis, Marcel Ospel, Subprime Mortgage Crisis, Write-Downs, Swiss Banks, UBS Write-Downs, Subprime Mortgages, U.S. Real Estate, Ubs, Business News

ZURICH, Switzerland — UBS AG's chairman abruptly resigned Tuesday as the Swiss bank reported a first-quarter loss of $12.1 billion and said it w...

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Pressure Builds To End Secrecy Of Swiss Banking

New York Times | CARTER DOUGHERTY | Posted 04.06.2008 | Business

Read More: Swiss Banks Secrecy, Switzerland Banks, Swiss Banks, Business News

Like Paul Revere, Konrad Hummler sounded the alarm last week as he made his way by train and by plane to his bank's branches across Switzerland. This ...

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