Word: bankses
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Under the terms of the new agreement, the IRS will submit a request to Swiss tax authorities to divulge within one year the names of clients suspected of stashing money in UBS to evade U.S. taxes. Account holders will be notified before their names are disclosed and will be able...
The Swiss government, which yesterday put its 332.2 million UBS shares, valued at $5.6 billion, up for sale - a sign, market analysts say, that the government's trust in the bank's ability to raise capital has been restored - also expressed its satisfaction with the settlement. "We have managed to...
The long-term effects of the agreement on the Swiss banking industry, however, are difficult to predict, experts say. "The settlement is a success for Switzerland and its financial center because it takes away a lot of pressure," says Teodoro Cocca, a former professor of wealth and asset management at...
Whether or not this happens, the landmark settlement may be a turning point for the Swiss banking sector, which can no longer depend on the promise of secrecy to draw in clients, says Stéphane Garelli, a professor of world competitiveness at the Institute of Management Development in Lausanne...
Picnic basket and blanket: While the leaves still burn on the trees, grab some dining hall grub and flock to the verdant banks of the Charles.