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IRS Tax Deal With UBS Hits Last-Minute Hitch – US-FOREX.US
The legal cat and mouse game between UBS and the U.S. Inland Revenue Service over accusations that the Swiss bank helped thousands of Americans evade taxes plays out a little longer. U.S. Justice Department attorney Stuart Gibson asked Friday for yet another week’s delay to the trial set to begin on Monday in order to… »
UBS The Good Days Are Gone – US-FOREX.US
UBS might be lagging behind its European peers in banking, but it still manages a lot of the world’s wealth: The Swiss bank looks after 1.65 trillion Swiss francs worth of assets for private individuals worldwide. Yet that number is in constant flux now that private banking clients from the U.S. and Europe are getting… »
UBS Plays The Confidence Game – US-FOREX.US
While its European rivals post a homecoming to profit, UBS is still stuck in the wilderness of losses. The Swiss banking giant, which is reportedly close to a settlement with the U.S. Internal Revenue Service over accusations that it helped thousands of Americans evade taxes, posted its third-straight quarterly loss on Tuesday. The second-quarter deficit… »
ING Sale Marks Bid For Freedom – US-FOREX.US
Keen to escape from the clutches of the Dutch government, insurer ING Group seems be trying to offload one of its only sellable businesses at the moment: its private banking arm. The bank which received a 10 billion euro capital injection from the Dutch government last October, has pledged since the summer to sell up… »