The Swiss cabinet held an extraordinary meeting Monday on UBS AG’s (UBS) legal problems with U.S. tax authorities, a move analysts say could signal Switzerland is close to bowing to the U.S. on demands to hand over data. A spokeswoman for the government didn’t comment on details of the meeting, but analysts say Switzerland is…
Tag: UBS AG
U.S. and UBS in negotiations
UBS AG, the largest Swiss bank by assets, is in talks with the U.S. government to settle a lawsuit seeking the names of 52,000 American account holders suspected of using Swiss secrecy laws to evade taxes. The bank agreed with the U.S. and Swiss governments to seek a settlement and postpone an evidentiary hearing [on…