UBS boss Oswald Gruebel is targeting an annual pretax profit of 15 billion Swiss francs (USD 14.9 billion) as he aims to put the subprime crisis and a US tax row behind the loss-making bank and win back clients.Nov 17, 2009, 14:28 PM IST
India to take up specific cases with Swiss banks who say there must be concrete evidence of wrongdoing.Aug 26, 2009, 00:00 AM IST
India on Monday told Swiss banks
that it will work on specific cases.
Congress on Monday said government
was doing all it can to get back black money stashed in Swiss
bank accounts as it was an issue of public interest and
concerned the common man.
Bradley Birkenfeld, a key informant in the US tax evasion case against Swiss bank UBS, was sentenced to three years and four months in prison on Friday by a federal court judge in Florida.Aug 22, 2009, 00:27 AM IST
UBS`s share price stuttered ahead on Thursday after the announcement of a deal to settle a bruising US government lawsuit, while Swiss authorities decided to sell their stake in the troubled bank.Aug 20, 2009, 15:48 PM IST