BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Delay in UBS trial sparks settlement talks]]>http://www.bloggingstocks.com/2009/07/13/delay-in-ubs-trial-sparks-settlement-talks/http://www.bloggingstocks.com/2009/07/13/delay-in-ubs-trial-sparks-settlement-talks/http://www.bloggingstocks.com/2009/07/13/delay-in-ubs-trial-sparks-settlement-talks/#commentsFiled under:

Late last night, Swiss banking giant UBS (NYSE: UBS) and the U.S. Department of Justice asked a federal judge to delay the trial on U.S. tax issues until August 3. The trial was set to start later today, and the delay sparked hopes for a possible settlement between the U.S. government and the bank.

The U.S. wants UBS to reveal the identities of 52,000 rich Americans suspected of using secret bank accounts as a tax dodge. Such a move would be a violation of Switzerland's bank secrecy laws, the Swiss government and UBS say. According to Reuters, the two sides are hoping to find a way to allow the U.S. government to receive client data without violating Swiss law.

Continue reading Delay in UBS trial sparks settlement talks

Delay in UBS trial sparks settlement talks originally appeared on BloggingStocks on Mon, 13 Jul 2009 09:30:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>bank accountsBankAccountsfraudinthenewsJustice DepartmentJusticeDepartmentubsMon, 13 Jul 2009 09:30:00 EST