Some UBS clients reportedly to face U.S. charges

MarketWatch by Ronald D. Orol | Aug. 19, 2009 (Breaking News)

UBS AG agreed to give the U.S. Internal Revenue Service an "unprecedented amount" of information on thousands of U.S. holders of accounts at the Swiss banking group as part of a settlement with the Swiss government, the IRS announced Wednesday.

The agreement comes as U.S. tax authorities conduct a criminal investigation into Americans who used Swiss bank accounts of UBS /quotes/comstock/13*!ubs/quotes/nls/ubs (UBS 15.57, -0.33, -2.08%) ... Full Story »

Posted by Margarita Persico - via Google News (Business)

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Posted by: Posted by Margarita Persico - Aug 19, 2009 - 2:29 AM PDT
Reviewed by: Margarita Persico (review), Kaizar Campwala (review)
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Edited by: Kaizar Campwala - Aug 19, 2009 - 9:09 AM PDT
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 by Kaizar Campwala - Aug. 19, 2009
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 by Margarita Persico - Aug. 19, 2009
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